17 September 2014
My Client, a Partnership firm is eligible to claim set off carried forward loss for 8 years from the Asst Year 2011-12 onwards. Now for the Asst year 2014-15 the firm's business is covered by sec 44AD and Return of Income is yet to be filed. Can the Firm claim for the Asst Year 2014-15 since the due date is 31st July 2014 or can we file ROI u/s 44AB grater than 8% of Income.
CAclubindia
