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Yes. You can carry forward the business loss for up to 8 financial years. However, to do so you will have to file ITR before the deadline. If you cross the deadline then these losses cannot be carry forwarded to subsequent years.
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Wazzeer Professional Network
ProfessionalCan I carry forward business loss from 2 years ago to this years tax return?
-
Wazzeer Professional Network
ProfessionalYes. You can carry forward the business loss for up to 8 financial years. However, to do so you will have to file ITR before the deadline. If you cross the deadline then these losses cannot be carry forwarded to subsequent years.
5 months ago
View answer
Can I carry forward business loss from 2 years ago to this years tax return?
-
Wazzeer Professional Network
ProfessionalYes. You can carry forward the business loss for up to 8 financial years. However, to do so you will have to file ITR before the deadline. If you cross the deadline then these losses cannot be carry forwarded to subsequent years.
5 months ago
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