Possibility of Filing now ITR for FY 2019-20 (AY 2020-21)
This query is : Resolved
22 March 2021
Dear Experts,
Pranam!
Please be advised on the below clarifications from your side.
1. Whether it is possible to "File now the ITR for FY 2019-20 (AY 2020-21)?
2. If possible whether any sort of additional documentation or clarification should I submit along with the ITR?
3. I have a loss from Share trade (Short term) in the FY 2018-19 and been indicated in the FY 2018-19 (AY 2019-20) ITR . Whether I could CF that loss to the FY 2019-20 (AY 2020-21)
Thanking you,
Sincerely
gk
Pranam!
Please be advised on the below clarifications from your side.
1. Whether it is possible to "File now the ITR for FY 2019-20 (AY 2020-21)?
2. If possible whether any sort of additional documentation or clarification should I submit along with the ITR?
3. I have a loss from Share trade (Short term) in the FY 2018-19 and been indicated in the FY 2018-19 (AY 2019-20) ITR . Whether I could CF that loss to the FY 2019-20 (AY 2020-21)
Thanking you,
Sincerely
gk
22 March 2021
1)You can file belated return for AY 2020-21 before 31-03-2021.
2)no such additional work needed
3)Yes, if you claimed loss in relevant year return and return filed with in due date then
2)no such additional work needed
3)Yes, if you claimed loss in relevant year return and return filed with in due date then
23 March 2021
Thank you very much for your response Dear Ganeshbabu Sir.
For the 3rd question and your answer ..... is it mean I have been missed the due date and could not carry forward the previous AY 2019-20 year loss to the AY 2020-21? please re-confirm.
Regards
gk
For the 3rd question and your answer ..... is it mean I have been missed the due date and could not carry forward the previous AY 2019-20 year loss to the AY 2020-21? please re-confirm.
Regards
gk
23 March 2021
only current year if you have any losses you are not eligible to carry forward them, but no problem in taking forward losses claimed earlier years.
23 March 2021
Ganesh Sir noted your point, but Current year means FY 2020-21 or AY 2020-21?
Thank you
Thank you
23 March 2021
make it simple , dont get confused
you can carryforward loss for all years in which you filed returns with in due date.
you can carryforward loss for all years in which you filed returns with in due date.
24 March 2021
Thank you very much for your kind support with prompt responses Ganesh Sir!
Noted the info.
Stay safe, God Bless!
with Best Wishes
gk
Noted the info.
Stay safe, God Bless!
with Best Wishes
gk
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