What steps can be taken if return has not been filed for previous year & has short term capital loss & now he wants to file return in current financial year, whether he can carry forward previous loss in case current year also he has short term capital loss.
2 Replies
C.Balaji
(Learner)
(1867 Points)
Replied 22 March 2010
No loss can be set off unless the return is filed within the due date.........
except loss from HP and Unabsorbed depn.......In these two cases the return should be filed but not within due date....
Muthu Kumar
(Articeship)
(43 Points)
Replied 28 July 2010
any other Provision for set off shorterm loss from Previous year but the return could not filed within due date
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