Hi Sir,
My client is running a Business and Long Term capital Loss is also their.
Which ITR Is will take to filing
Menu
Income tax
Replies (8)
ITR3
you have to file ITR 3
business people is take to filing in ITR 4 Right sir!
sir ,
Business people take to ITR FORM 4 Right sir ,
sir,
Long Term Capital Loss is carry forward to next year sir?
By filing ITR3 before due date you can carry forwad LTCL.......
itr 4 is for presumptive income. file itr 3 is for regular business return along with capital gain / loss
ITR 3.. You should keep in mind section 139(3) read with section 80.
If ROI filed after the due date losses cannot be carry forward but losses can be set off even if the ROI is furnished after the due date so you can SET OFF your capital gain loss with business profit if you failed to file before September.
Otherwise you can C/f.
If ROI filed after the due date losses cannot be carry forward but losses can be set off even if the ROI is furnished after the due date so you can SET OFF your capital gain loss with business profit if you failed to file before September.
Otherwise you can C/f.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
