Set off and carry forward

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2012 Loss of Ay-2009-10= Rs10 lakh
It has to carried forward up to 8 Assessment years.
In Ay- 2010-11, while filling the return, it has been taken as carried forward business loss, but in Ay-2011-12, this unabsorbed loss has not been cosidered due to wrong ommission. In AS- 2012-13, assessee wants to carry forward the same for future years.

Whether it is possible for the assessee to carry forward such loss without filling a revised return for the AY-2011-12(i.e for previous assessment year in which loss should be considered, but have not considered)

Whether it is possible without a revise return

@VaibhavJ

@VaibhavJ (Expert)
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28 November 2012 Hi

Only there is restriction in carry forward of current year loss, however you may file revised return.

Thanks//Vaibhav
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