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Tax Losses Carried Fwd in ITR-2

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1238 Points Posted on 21 July 2021
Dear Friends,

Can we transfer Losses for FY 19-20 to 20-21.
Actually, this Losses from Mutual Fund.
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On 21 July 2021 at 10:14 Report
Replies (6)
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Chartered Accountant
24588 Points Posted on 21 July 2021
Yes you can carry forward the speculation losses from FY 2019-20 to 2020-21
129 Reply
On 21 July 2021 at 11:27
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tax consultant
3306 Points Posted on 21 July 2021
Losses can be carried forward is you filed your return within due date for ay 1920
9 Reply
On 21 July 2021 at 13:18
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Chartered Accountant
24588 Points Posted on 22 July 2021
Thanks
129 Reply
On 22 July 2021 at 09:14
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1238 Points Posted on 22 July 2021
Ji, Can we carried forward as on 19 20 losses all together? or need to show year wise break up for Losses ? How long Carried forward losses can we show in ITR2?
3 Reply
On 22 July 2021 at 09:23
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tax consultant
3306 Points Posted on 22 July 2021
U have to report losses of each year separately.
losses can be carried forward for maximum 8 years.
9 Reply
On 22 July 2021 at 10:19
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Chartered Accountant
24588 Points Posted on 24 July 2021
You can carry forward losses together for 8 assessment years
129 Reply
On 24 July 2021 at 09:48


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