Easy Office
LCI Learning

Belated return - Setoff of business loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 April 2009 Can the loss arising from one business "Business Loss" can be setoff against the income of another business during the same year - while filing belated return.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
12 April 2009 yes u can.

u can not carry forward the loss
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
12 April 2009 It's possible but only when the return of income is filed u/s 139(1) or else not
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA KNVV Sri Vidya - Sri Kanth

Profile Image

CMA KNVV Sri Vidya - Sri Kanth (Expert)
15 April 2009 i support

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links