Can Speculation loss of A,y 2009-10 be set-off against speculation profit of A.Y. 2010-11 current year even though return of A.y. 2010-11 is not filed within due date? Also can the same loss be carried forward and set-off in future years?
1 Replies
CA Sahil Singla..
(Service Tax )
(3746 Points)
Replied 10 December 2010
no problem in that...According to provision relating to carry forward of speculative loss..the loss of particular year for wich the return was not filed within due date ,can not be carried forward. But in ur case , the thing is different, u hav not filed return within due date of the year ,whom against these losses r to be set off....so there is no problem with this set off..u can go for it...& the same can be carried forward for 4 years
Recent Topics
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
