deepak Gupta (Chartered Accountant) (150 Points)
30 November 2011Please Urgent
Whether Losses of Sick Company can be Carry forward after due date specified in Sec 139 (3) read with section 80.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 30 November 2011
I THINK NO.... BUT WAIT FOR EXPERTS ADVICE
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 30 November 2011
yupp... if they filed the return within the due date specified u/s 139(1) OR (3)
Manika Venkata Siva Prasad
(IPCC-student)
(84 Points)
Replied 30 November 2011
Agree with Yogesh, if he is filed return within due date of filling, i.e. that return should not be belated return.
DILIP MEHARIA
(MANAGER)
(39 Points)
Replied 10 December 2011
As per sec 139 loss can be set off only in the case of return filled within due date
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