carry forward of loss
Hi, just want to confirm that in the current due date extended scenario, does this allow one to carry forward losses of fy 2013 14 also, considering the actual date now being 30 Nov 2014? Similarly what about expenses covered under section 43b?
CBDT has extended the due date. From reading the section we understand that if return is filed before due date losses can be carry forwarded.
Since the due date itself is extended, losses can be carry forwarded. These are my opinion, expert advice sought.