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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.
15 days 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.
15 days ago
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