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.
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).
CAclubindia
