Carry forward and set off of business loss
This query is : Resolved
Querist : Anonymous
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?
01 August 2018
Inter head adjustment is possible in same PY.
Expert : Anonymous
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.
04 August 2018
the intrahead adjustments are not affected by late filing. Just the carry forward is restricted.
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