claiming brought forward loss
This query is : Resolved
29 November 2008
hai..
I have a business loss for the A.Y 2002-03 filed in time. Where as for the A.Y. 2005-06 it was filed on 30th aug 2006. And i have claimed the loss during the A.Y. 2006-07. Is it necessary that subsequent years returns also has to be filed in time to cliam the unabsorbed loss? Kindly guide me with any case laws.
venkatraj
I have a business loss for the A.Y 2002-03 filed in time. Where as for the A.Y. 2005-06 it was filed on 30th aug 2006. And i have claimed the loss during the A.Y. 2006-07. Is it necessary that subsequent years returns also has to be filed in time to cliam the unabsorbed loss? Kindly guide me with any case laws.
venkatraj
30 November 2008
no , it is not necessary.
it is that assessment year in which loss is incurred, return is to be submitted in time
it is that assessment year in which loss is incurred, return is to be submitted in time
30 November 2008
i rtequest u to give me any section or any case law related to this sir, becuase my ito is disallowing the loss for the same reason. Kinldy help me or u can refer me the Act where i will get the information. i tried in the net also to get the information.
pls help me
regards
venkatraj
pls help me
regards
venkatraj
09 December 2008
ok solved
09 December 2008
thanks
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