Can losses be carried forward and set-off for any number of years or is there any restriction ? Skorydov Tax Team Updated July 10, 2016 20:19 Follow Complete tax filing now. Last date: 31st March 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 March 31st, 2018 is the last date to file your Income-tax return for FY 2015-16 (AY 2016-17) & FY 2016-17 (AY 2017-18). 3 reasons to file with myITreturn: Registered with the Income-tax Department Accurate and Simple Over 20 lakh users Complete filing now or if you have a simple tax return, you can download our mobile app and file your Income-tax return Download app Related articles What is the limit of exemption for agriculture income? Is Agricultural Income really tax free? How to add losses? Which ITR form is applicable to Income from profession? What should a person enter in case of 44AD for sundry debtors, sundry creditors, stock in trade, cash balance, gross profit as he may not have all these details since he is not maintaining books of accounts? Loss from “Income from other sources” Comments 0 comments Please sign in to leave a comment.