05 August 2014
an assessee who had incured loss in P.y 2013-14 failed to file return of income by 31 july and now he wants to carry forward his losses.so can he do so by getting his books audited.
so which date will be considered as due date u/s 139(1),as he is not liable to get his books audited but just to carry forward the loss he wants to get his books audited.
05 August 2014
if return is not filed on or before due date u/s 139(1) then only loss can be carried forward else not and even voluntary u conduct tax audit when its not applicable then also loss shall not be allowd to carried forward if return not filed in time
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