Loss carry forward & set off
This query is : Resolved
07 January 2020
Hello,
Whether Unregistered Trust (not registered u/s12AA) can be carry forward its loss to next & same carry forwarded loss can be set off against income of the trust of any year.
Whether Unregistered Trust (not registered u/s12AA) can be carry forward its loss to next & same carry forwarded loss can be set off against income of the trust of any year.
07 January 2020
Yes loss of such trust can be carried forward and setoff future years.
08 January 2020
If you file tax return with in due date you can carry forward and setoff loss with future income
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