Details of Losses to be carried forward to future years

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..... Details of Losses to be carried forward to future years
Query (Issue) Started By: - Mohideen A Dated:- 27-8-2019 Last Reply Date:- 28-8-2019 Income Tax
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Income Tax
An Individua .....

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..... l assessee had long term capital loss for the A.Y 2012-13, 2013-14, 2014-15, 2015-16 & 2016-17. The income tax return was filed within due date and capital loss was carried forward till A.Y 2017-18. W .....

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..... hile filing ITR for A.Y 2018-19 the carried forward loss was not reported in "Details of Losses to be carried forward to future years" and the same was not rectified before March 2019. 1) D .....

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..... uring the current assessment year 19-20, can we claim the carry forward loss (which was not reported in previous year) and set off with capital gain of current year? 2) Is there any alternation solut .....

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..... ion in case if the above option is not feasible. Your response is appreciated. Thanks in advance Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view it can be carry forwarded. The other view .....

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..... s are solicited.
Discussion Forum - Knowledge Sharing .....

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