Dear Friends,
Can we transfer Losses for FY 19-20 to 20-21.
Actually, this Losses from Mutual Fund.
6 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 July 2021
Yes you can carry forward the speculation losses from FY 2019-20 to 2020-21
veerendar singh
(tax consultant)
(3301 Points)
Replied 21 July 2021
Losses can be carried forward is you filed your return within due date for ay 1920
Mohanraj J
(1178 Points)
Replied 22 July 2021
Ji, Can we carried forward as on 19 20 losses all together? or need to show year wise break up for Losses ? How long Carried forward losses can we show in ITR2?
veerendar singh
(tax consultant)
(3301 Points)
Replied 22 July 2021
U have to report losses of each year separately.
losses can be carried forward for maximum 8 years.
losses can be carried forward for maximum 8 years.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 24 July 2021
You can carry forward losses together for 8 assessment years
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