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Mr Amrit Jain
On 12/21/18, 2:21 AM

Yes. As per Income tax act, 1961, An assessee is allowed to carry forward the loss he incurred in the previous year and set it off with the profit he made in the current year. But the carry forward is allowed only after the return of loss has been filed on time (i.e before the due date).


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Asked: 12/21/18, 2:20 AM
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Last updated: 12/21/18, 2:21 AM