Carried forward loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2011
Sir, if the assessee file original return of income showing income after the time limit U/S 139(1). Afterward filling revise return of loss also after time limit can assessee can carry forward loss. If yes pls quote the specific case law for the same.
05 October 2011
you can only carry forward loss if you file your original return within the time limits specified u/s 139(1), otherwise you can't carry forward it.
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