Set off and carry forward
This query is : Resolved
18 September 2014
can carry forward losses be set off in case of belated return filed
18 September 2014
No, loss can be carried forward and set off only if return is filed on or before due date.
There is an exception in case of 'loss from house property', which can be carried forward and set off even return is filed after due date /belated return.
Thanks
There is an exception in case of 'loss from house property', which can be carried forward and set off even return is filed after due date /belated return.
Thanks
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