carry over losses

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  1. amit2332

    amit2332 New Member

    HI,
    I have filed income tax under ITR-4 and claimed losses last year. The filing was audited by CA.
    This year also I have some FNO losses. If I submit ITR-2 now, without claiming or showing the FNO losses,
    1. Is it allowed legally ?
    2. Will I be able to set off my earlier losses in future years ?

    regards,
    Amit
     
  2. rudrabose

    rudrabose Active Member

    Yes, you would be able to set-off loss of previous years against future income.
     
    amit2332 likes this.
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