Easy Office
LCI Learning

Carry forward and set off of business loss

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 August 2018 In case of belated return it is not possible for the assesse to carry forward and set off his losses except in case of loss from hp and unabsorbed depreciation.whether the assessee can adjust his business loss against income under any other head in the same py?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
01 August 2018 Inter head adjustment is possible in same PY.
Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
02 August 2018 In case of belated return inter head adjustment possible in the return of the same financial year but loss can not be carried forward.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
04 August 2018 the intrahead adjustments are not affected by late filing. Just the carry forward is restricted.

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