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set off and carryforward losses
If, for previous year 2017-18, I am having business loss but not filed the ROI U/s 139(1) of IT Act,1961. In the same time for p.y 2015-16 & 2016-17 I had business loss in the respective years and ROI has been filed within the due date under 139(1)...Can I claim the losses regarding p.y 2015-16, 2016-17 in subsequent years...
Replies (1)
yes you can claim only brought forward business loss of F/y 2015-16 and 2016-17.
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