Impact on Business losses on delay in filing of IT Return

467 views 1 replies

plz help,

One of my client had delayed in filing of income tax return U/s 139 in previous year, he had business losses in that financial year which was purely based on Depreciation amount ( say 90 % ) in that financial year, can he carry forward the loss amount in next financial year, if yes then for how many years.

thanks in advance

Replies (1)

Bhai how many times u have put in this query..........

 

U can carry forward the loss as Sec 80 is not applicable in case of unabsorbed depreciation.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register