Easy Office
LCI Learning

Claimimg set off of previous years losses

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 October 2013 can i claim set off of previous years business losses in my current years return of income if my current year's return is not filed on time?
Profile Image

CA Pallav Singhania

Profile Image

CA Pallav Singhania (Expert)
08 October 2013 No, I don't think the set off will be allowed, as it is a belated return..
But you can set off such loss in next year...
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 October 2013 Thanks...for the quick reply
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

sushil kumar

Profile Image

sushil kumar (Expert)
08 October 2013 Yes you can, if previous year's return has been filed on time.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links