Add Brought Forward losses for previous financial years

If you have incurred losses during the financial year, you need to report them while filing your Income Tax Return. You can then carry forward these losses to the next financial years and set them off against the future profits of certain income heads. 

Here's how you can report brought forward losses on Quicko:

1. Navigate to Additional Details Tab
2. Click on Brought forward losses 
   
3. Select the Assessment Year where you have brought forward losses and add details like:
   • Original Filing Date
   • House Property Loss
   • Loss in Capital Gains- Short Term and Long Term
   • Loss in Business & Profession- Speculative and Non-Speculative

Here's a great read about Set Off and Carry Forward of Losses under the Income Tax Act