30 September 2009
THERE WAS A LOSS OF RS. 20000 IN 2006-07 AND THE RETURN WAS FILED WELL BEFORE IN TIME AND IN 2007-08 THERE WAS LOSS OF RS12000 BUT THE RETURN WAS LATE. THE QUERY IS THAT WHETHER IN 2008-09 LOSS OF RS 20000 WILL BE CARRIED FORWARD OR NOT. REPLY SOON
30 September 2009
Further to my reply I would like to add that you will be able to carry forward the loss of 20000 for which you had filed return in time. In the ITR-6 also you can find date of submitting past return is there to justify this.