What are Bought Forward Losses?
Loss remaining after set off is the loss that taxpayers can carry forward to future years to set off against future incomes.
The taxpayer must file the Original ITR within the due date as per section139(1) to carry forward the loss to future years.
Let's add your losses from previous years,
Navigate to File > Bought Forward Losses > Add Losses
Enter the necessary details such as,
- Assessment Year
- Original Filing Date
- House Property Loss
- Capital Gain Loss
- Business and Profession Loss
Once you have entered all the details correctly click on Save.
And that's it, it is this easy to add brought forward losses on Quicko.