Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
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.
...
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.
8 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.
8 months ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.