Can losses be carried forward and set-off for any number of years or is there any restriction ?
You can complete filing your Income-tax return in just 15 minutes using the website or the mobile app:
Losses can be carried forward only upto specified number of years as per the provisions of Income Tax Act.
Not filed yet? File your Income-tax return with myITreturn.com
3 reasons to file with myITreturn:
- Registered with the Income-tax Department
- Accurate and Simple
- Over 20 lakh users
or if you have a simple tax return, you can download our mobile app and file your Income-tax return