15 October 2013
suppose a company file IT return for F.y 2012-13 on 29/09/2013 showing tax payable Rs.29 crores. Is this is a valid return. And if the co. have carried forward losses. Can it will carry forward the same in next year. Pls guide
15 October 2013
Tax payable must be nil before filing of ITR otherwise it will be treated defective return.If it is showing loss and return is timely filed then it can surely be carried forward.
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