Comment on Taxation for Traders - Introduction
commented on
01 Apr 2016, 10:16 PM
What will be the consequences for not filing the ITR4 return if there have been recorded and provable losses? Can I file the returns for the previous years now? What will be the effect? Can the earlier losses since FY 2012-13 be carried forward if I file the returns now? No notice or communication from the IT dept. but I still want to play safe even if losses cannot be permitted to be carried forward. I hope Kamath sir will see this query and reply.