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Asked by Pankaj on :Jun. 14, 2018

I have negative income(loss) during this year. Do…

I have negative income(loss) during this year. Do I need to file income tax return?

I have negative income(loss) during this year. Do I need to file income tax return?

0

Jeeba Jun. 14, 2018

You can carry forward loss only if you file income tax return.
The loss incurred during this year can be carried forward to the subsequent year to set off and loss is allowed to carry forward only if you file your return before the due date.

So, you must make a claim of loss by filing your return.

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