29 September 2023
In A.Y. 2022-23 return filed within due to assesses having loss . In A.Y. 2023-24 Also assesses having loss but return not filed in time.
Q1). Loss for the year A.Y. 2022-23 we can carry forward as we have filed return in time and loss of A.Y. 23-24 can not be carry forward as return is not filed within due date.
29 September 2023
Both loss can't be carried forward as return for AY 23-24 not filed in time. Apply for condonation of delay under section 119(2)(b) for carry forward of loss.
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