Section 35ad

This query is : Resolved 

07 December 2011 can a assessee claim (Loss)deduction under section 35AD if he file return of income after the due date specified u/s. 139(1) but before the due date specified U/s.139(4)

Belated return can carry forward loss claim u/s. 35Ad

07 December 2011 Dear Kishor,

As per my knowledge..

If any assessee want to c/f loss,then he must be file return of income within time priscribe u/s 139(1).

There is rule that..belated return cant be c/f losses..also belated return cant be revised..

Regards,
Ronak Darji



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