How to Claim Losses from Previous Years?

How to Claim Losses from Previous Years?

If you had losses in previous financial years that weren't fully set off back then, you may be eligible to carry them forward and use them to reduce your taxable income this year.
Web
Mobile
Web

Steps to Claim Brought Forward Losses

  1. Go to File > Additional Details

  2. Under Losses, click Brought Forward Losses > Add Losses

  3. To autofill your loss details from the Income Tax Department (ITD):

    • Click Import

    • Sign in to your ITD account

  4. To add manually, select Add Losses Manually > Proceed

    • Choose the Assessment Year (AY) in which the loss occurred
    • Enter the Filing Date and Loss Amount

  5. To add losses from multiple years, click Add and repeat the above step for each.

  6. Once added, you’ll see:

    • Total Brought Forward Losses (BFL)
    • BFL Adjusted against current year income (BFLA)
    • Carried Forward Losses (CFL)
    • Lapsed Losses (those no longer eligible to carry forward)

Mobile

Steps to Claim Brought Forward Losses

  1. Go to File > Additional Details

  2. Under Losses, click Brought Forward Losses > Add Losses

  3. To autofill your loss details from the Income Tax Department (ITD):

    • Click Import

    • Sign in to your ITD account

  4. To add manually, select Add Losses Manually > Proceed

    • Choose the Assessment Year (AY) in which the loss occurred
    • Enter the Filing Date and Loss Amount

  5. To add losses from multiple years, click Add and repeat the above step for each.

  6. Once added, you’ll see:

    • Total Brought Forward Losses (BFL)
    • BFL Adjusted against current year income (BFLA)
    • Carried Forward Losses (CFL)
    • Lapsed Losses (those no longer eligible to carry forward)

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