SET OFF AND CARRY FORWARD LOSSES
This query is : Resolved
27 August 2021
IF SOMEONE HAVE CARRY FORWARD LOSSES IN HIS RETURN BUT IN CURRENT YEAR HE WANTS TO SET-OFF PARTIAL LOSSES AND DECLARE SOME INCOME.
IS IT POSSIBLE TO DECLARE INCOME WITH HAVING CARRY FORWARD LOSSES.
AND CONTINUE CARRY FORWARD LOSSES.
IS IT POSSIBLE TO DECLARE INCOME WITH HAVING CARRY FORWARD LOSSES.
AND CONTINUE CARRY FORWARD LOSSES.
27 August 2021
Yes In return we can partially set off but remember to claim whole losses as per the limits & prescribed period only.
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