Carry forward loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2016
Dear Sir/Madam,
We have STCL Loss in the A.Y 2009-10, and filed the return as per Due date. & in the Next Year we avail the loss against STCG in the A.Y 2010-11, But the Income tax Return filed after Due Date in A.y 2010-11 Whether its allowable.
its Urgent.......
We have STCL Loss in the A.Y 2009-10, and filed the return as per Due date. & in the Next Year we avail the loss against STCG in the A.Y 2010-11, But the Income tax Return filed after Due Date in A.y 2010-11 Whether its allowable.
its Urgent.......
13 May 2016
STCL can be carried forward and set off against the STCG in next year. Provided the loss return is filed with in the prescribed time limit. So in your case, STCL can set off against STCG.
13 May 2016
you can take the set off due to in loss year you file return on due date.
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