I have FO losses to carry forward to next FY, and in which it's business income and so expenses involved.
Will these expenses be carry forward to next FY, too
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177732 Points)
Replied 17 July 2024
Yes, aggregate loss can be carried forward. File ITR 3 under normal assessment, before 31st July.
Sunil Gavaskar
(17 Points)
Replied 17 July 2024
Do you mean other expenses say internet bill , training fee oother than. trading loss can be carry forwarded too
Thanks much
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177732 Points)
Replied 18 July 2024
The net loss after adjustment with intrahead & interhead incomes, gets carried forward. The expenses are debited in the P&L account, not carried forward separately.
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