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derivative s

prasad (government employee) (225 Points)

08 June 2018

for the AY 2014=15 shall the net loss in commodity exchange be set off against business income

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182850 Points)
Replied 08 June 2018

Yes, provided ........

Loss under the head “Profits and gains of business or profession” can be carried forward only if the return of income/loss of the year in which loss is incurred is furnished on or before the due date of furnishing the return, as prescribed under section 139(1).