17 March 2015
one of the disadvantage of filling belated return is we cannot carry forward losses relating to business or capital gain, the doubt is whether only the losses relating to that f.yr(in which return is not fillied with in due date) cannot be carry forwarded or accumulated losses from all previous years cannot be carry forwarded
18 March 2015
suppose there are losses in fy 12-13 onwards and there is also loss in 13-14 and roi is filed late for fy 13-14 then only for fy 13-14 it cannot be carried forward.
CAclubindia
