Mihir Tanna |963 Answers |Ask -Follow
Tax Expert - Answered on Dec 16, 2022
My assessment for AY 2022-23 is also complete.
Can I file for RECTIFICATION of return for AY 2022-23and set off LTCG losses of earlier years? Await your guidance.
Thus, matter of new claim in revised return can be subject to litigation.
If you file revise return to claim brought forward loss of earlier years against capital gain of AY 2022-23 and if income tax department observes that it is new claim, your claim might be denied as same was not claimed in original return. However, it can be argued that revised return is filed to remove mistake of not claiming brought forward losses.
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