How to use Deferred Business Losses (Carried forward Loss) in Individual Tax Return (ITR)

Modified on: Wed, 11 Nov, 2020 at 2:08 PM

For my example I have current year deferred losses of 999 & Prior Year Deferred Losses of 1000.

Business --->Net Income

Deferred Losses

Business Loss Activity Details

Commercial Losses Carried forward

Don't fill any information relating to Non Commercial Losses if the loss is not non commercial.

Did you find it helpful? Yes No