Assessee Can Carry Forward Long-Term Capital Loss with Revised Tax Return u/ss 74 and 80 of Income Tax Act.

Assessee Can Carry Forward Long-Term Capital Loss with Revised Tax Return u/ss 74 and 80 of Income Tax Act. https://www.taxtmi.com/highlights?id=2384 Carried forward of loss determined under section 74 read with section 80 - long-term capital loss - As the assessee filed its original return declaring the positive income and hence, subsequent revised return is valid return also and therefore the assessee is entitled to carry forward of 'long-term capital loss' .... - AT en-us Sat, 17 Dec 2011 11:50:55 +0530 Sat, 17 Dec 2011 11:50:55 +0530 TaxTMI RSS Generator Assessee Can Carry Forward Long-Term Capital Loss with Revised Tax Return u/ss 74 and 80 of Income Tax Act. https://www.taxtmi.com/highlights?id=2384 Carried forward of loss determined under section 74 read with section 80 - long-term capital loss - As the assessee filed its original return declaring the positive income and hence, subsequent revised return is valid return also and therefore the assessee is entitled to carry forward of 'long-term capital loss' .... - AT Highlights Income Tax Sat, 17 Dec 2011 11:50:55 +0530 https://www.taxtmi.com/highlights?id=2384