Carryover deduction with application for blue form tax return
Carry forward period of the loss amount in the fiscal year beginning on April 1, 2017 or after will be becoming 10 years. For the year to the carryover deduction to start during the period from April 1, 2015 until March 31, 2017, it will be deducted only 65 percent out of 100 of the carryover amount (currently 80 percent out of 100). For the year to the carryover deduction to start on April 1, 2017 or after, it will be deducted only 50 percent out of 100 of the carry over amount.
