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Previous years losses

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(Querist)
07 November 2017 I am having a doubt. Can a partnership firm can claim previous years losses during current year assessment for Income tax?. If yes how many years back we can take the previous years losses?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 November 2017 You don't have a doubt. You have just not bothered to read the basic Income-tax act. read section 70-80 of the Income-tax act.
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
07 November 2017 you can carry forward the loss for 8 years. ensure to file the return before the due date specified u/s 139(1)
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