loss return filed before the due date, later revised
This query is : Resolved
09 August 2010
1) If a return u/s 143(1) is filed with loss under the head bus income before the due date prescribed.
2) Later on the said return is revised before the end of the asst year by incresing the loss
where higher loss claimed in the revised return will be allowed to be carried forward.
2) Later on the said return is revised before the end of the asst year by incresing the loss
where higher loss claimed in the revised return will be allowed to be carried forward.
09 August 2010
I think you mean to say regular return filed u/s 139(1). Yes you will be allowed to carry forward the losses in respect of revised return filed u/s 139(5).
09 August 2010
Yes you will be allowed
09 August 2010
Yes, as you have furnished your return on or before due date mentioning u/s 139(1) therefore you can revise your return u/s 139(5).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
