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)