Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Can I carry forward business loss from 2 years ago to this years tax return?

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.

...

View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started