If the return of loss is filed after due date than business loss cannot carry forward under sec 80 . What treatment of that loss in pvt ltd co. kindly suggest me
Ex. Ay 2017-18 business loss 9500( itr filed after due date)
2018-19 business loss 28789 (filed before due date)
Now this year a.y 19-20 profit 41700
Than it will be adjusted only 28789 rs so kindly suggest me what will I do any of rs 9500
AY 2017-2018 business loss 9500/- became ineligible for c/f since return filed was after due date.
You have not to do anything for 9500/-
CAclubindia
