Tax Audit missed deadline - Carryforward losses

ITR 126 views 1 replies

I missed the tax audit deadline, but still have time to file ITR until 31st March.  I have some losses in Trading activity that I need to carry forward to next year.

Since the Tax audit deadline is missed, am I still eligible to carry forward losses to next year if I file tax audit and ITR on or before 31st March, 2022.

Thanks!

Replies (1)
No...it is not possible to carry forward losses to next year.It possible only if it is filed on or before 15-3-2022


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