Dear Members
If ITR not filled within due dates as per section 139 carry forward of business loss not available. I want to know is it also applicable for carry forward of unabsorbed depreciation.
Menu
unabsorbed depreciation ITR after Due date
Replies (1)
If the return u/s 139 is not filled within due date prescribed by the section, then business loss would not be allowed to be carried forward.However this does not apply to losses under the head HP, further if it relates to Unabsorbed depreciation it can be carried forward even if return is not submitted in time allowed u/s 139 and it can be carried forward without any time limit.
Recent Threads
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
Related Threads
CAclubindia
