filing of return

6 Types of Loss Allowed Even After Filing Late Return!

Carry forward of loss is very important as far as the tax planning is concerned. In previous post readers were made aware about the...
carried forward losses

What is the order in which carried forward losses are adjusted with income?

Carried forward losses are allowed to be adjusted with the income of the year. However, since carry forward of losses of different heads are...
equity derivatives

Future & Options Gainers: 2 Quick Tax Planning Tips

There are recent developments affecting tax treatment of derivative transactions in India. It is perhaps known to everyone derivative transactions or in other words...
depreciable asset

Gains on Sale of Business Asset- 2 Quick Tax Planning

Capital gains on sale of depreciable asset of a business are separately dealt under section 50 of the Income Tax Act which provides how...
carry forward of losses

You Can Get Carry Forward of Losses or Refund Even If No Return Was...

For many reasons, a person may forget to file a tax return within the stipulated period or even if income tax return filing is...
expected loss

Expected Loss in Real Estate Projects is Allowable Expense

It is now settled position of accounting in case of real estate that the profit & loss account has to be prepared following percentage...
carried forward of losses

What is The Order Of Adjustment of Carried Forward Loss !

The losses which are not adjusted in a year , can be carried forward to various period of time for adjustment with income in...
carry forward of losses

Carry forward of loss despite filing late return possible !

The claim of carry forward of loss is attached to the condition that the income tax return should be submitted u/s 139(3)which clearly provides...

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