Dear Friends,
Can we transfer Losses for FY 19-20 to 20-21.
Actually, this Losses from Mutual Fund.
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Tax Losses Carried Fwd in ITR-2
Replies (6)
Quick Summary
Yes you can carry forward the speculation losses from FY 2019-20 to 2020-21
Losses can be carried forward is you filed your return within due date for ay 1920
Thanks
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?
U have to report losses of each year separately.
losses can be carried forward for maximum 8 years.
losses can be carried forward for maximum 8 years.
You can carry forward losses together for 8 assessment years
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