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Carry forward of loss in bussiness

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2011 If an assesse has incured a loss in business of 350000 in F.Y 08-09 but filled the return after due date in December,it will not be allowed to be carry forwared but is there any way to claim carry forward of such loss.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
05 September 2011 No he cannot carry forward such loss if the return is filed after due date.

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