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Carry Forward & Set off of Busines Losses & Depreication

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(Querist)
01 January 2011 We have unabsorbed depreciation and business loss for A.Y. 2005-06 and the same return was submitted in due time. Now the same unabsorbed loss and depreciation was adjusted in A.Y. 2008-09 from business profits but the return was submitted belatedly. give opinion towards set off in AY. 2008-09 and balance eligible for carry forward with reference to belated return for AY 2008-09.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 January 2011 Yes carry forward loss can be set off against return filed belatedly.

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