set off & carry forward of losses
This query is : Resolved
07 March 2009
dear all
one of our client had filed the it return of a.y 07-08 before due date & a stc loss was carried forward to adjust with future income.
he did not file the a.y 08-09 return before due date.
can he set it off with current year income as he has filed last years return before the due date?
one of our client had filed the it return of a.y 07-08 before due date & a stc loss was carried forward to adjust with future income.
he did not file the a.y 08-09 return before due date.
can he set it off with current year income as he has filed last years return before the due date?
07 March 2009
Yes, he can set off brought forward losses.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
