Carry forward of b/f loss

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Dear Friends, I have a doubt. It is mandatory for an assessee to file the IT returns within the due date specified U/s 139(1) in order to carry forward the loss incurred in a particular year. But is it necessary that he should file the returns within the due date specified U/s 139(1) for carry forward of the loss to the subsequent years also. For Example, in Year 1 loss is 10 Lakhs but, in subsequent years (i.e., y2 y3 y4 & on) earned profit. In order to avail the setoff of b/f loss, is it mandatory that in all the years the return should have been filed within the time. Pl.help. Thanks in advance. SARAVANAN.M
Replies (1)
yes of course it is mandatory to file return for subsequent uears also within due date.


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