Hi Sir,
My client is running a Business and Long Term capital Loss is also their.
Which ITR Is will take to filing
8 Replies
Sanjay H G
(Tax Consultant)
(138 Points)
Replied 25 August 2018
business people is take to filing in ITR 4 Right sir!
Sanjay H G
(Tax Consultant)
(138 Points)
Replied 25 August 2018
sir ,
Business people take to ITR FORM 4 Right sir ,
Sanjay H G
(Tax Consultant)
(138 Points)
Replied 25 August 2018
sir,
Long Term Capital Loss is carry forward to next year sir?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 25 August 2018
By filing ITR3 before due date you can carry forwad LTCL.......
CA Bhavik Soni
(867 Points)
Replied 25 August 2018
itr 4 is for presumptive income. file itr 3 is for regular business return along with capital gain / loss
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 25 August 2018
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.
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