TMI BlogBelated return - carry forward lossX X X X Extracts X X X X X X X X Extracts X X X X ..... Income tax return has not been filed on time co has business losses carried forward can we file belated return and carry forward the loss what options w ehave - Reply By Mukesh Kumar - The Reply = i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is mandatory that you should file the return of loss within the prescribed time limit for the purpose of claiming benefit of loss incurred in the relevant assessment year -see section 139(4) of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e income tax act, 1961 . Once you file the return of loss within time limit and you qualify the conditions of section 139(3) , you can claim the benefit of carried forward lossed to be setoff with t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he income of subsequent years under relevant provisions of section/s 72 , 73 , 74 and 74A . For the return of subsequent years, you can claim the benefit of carried forward lossed even if the retur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n is belated return within the meaning of section 139(3) of the income tax act, 1961 . - Belated return - carry forward loss - Query Started By: - madhavvan Dated:- 5-5-2009 Income Tax - Got 1 Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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