25 October 2023
Is it necessary to fill schedule-CFL with every ITR to carry forward losses of previous years? (Or) Is it necessary to fill CFL only when BFLA is in use?
26 October 2023
Let us say I had loss in F.Y 2019-20 but I did not mention it in schedule CFL of ITR for F.Y 2020-21, F.Y 2021-22 and F.Y 2022-23. Now in the ITR for F.Y 2023-24, can I directly update the schedule CFL with loss details of F.Y 2019-20 to adjust with F.Y. 2023-24 gains.
CAclubindia
