dear team
plz suggest me what to do
I got notice u/s 143(1)(a)(ii) for
"losses of current year to be carried forward, is claimed but the original return us 139(1) is filed after due date or b/f losses not adjusted against current year income"
I already selected option "after due date" still got this error from tax dept.
how to respond to this query
The current year loss (except house property loss ) cannot be carried forward unless the income tax return is submitted before the due date but the loss of earlier years can be carried forward if the return of loss of that year(s) was submitted within the due date.
If you filed your return after due date than you can not carry forward current year loss except house property loss.
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