Business loss of pvt limited co can be carried forward ?
This query is : Resolved
04 June 2015
Sir
I have filed return of Income of Pvt limited Co ( NO TAX AUDIT ) for A Y 2014-2015 on 30-11-2014 claimed loss of Rs.400,000/- Dept has rejeced claim of c/F loss saying that you have filed return of income not on due date which was 30-9-2014. i have argued thast due date was 30-11-2014. ITO replied that due date was extended only for those company having TAX AUDIT REPORT IS REQIRED TO BE SUBMITED.IN YOUR CASE DUE DATE WAS 30-9-2014 . IS ITO CORRECT? SHOUD I GO TO IN APPEAL?
PLEASE CLARIFY.
I have filed return of Income of Pvt limited Co ( NO TAX AUDIT ) for A Y 2014-2015 on 30-11-2014 claimed loss of Rs.400,000/- Dept has rejeced claim of c/F loss saying that you have filed return of income not on due date which was 30-9-2014. i have argued thast due date was 30-11-2014. ITO replied that due date was extended only for those company having TAX AUDIT REPORT IS REQIRED TO BE SUBMITED.IN YOUR CASE DUE DATE WAS 30-9-2014 . IS ITO CORRECT? SHOUD I GO TO IN APPEAL?
PLEASE CLARIFY.
04 June 2015
department is correct.....please check the notification for extension of due date...30/11/2014 was only for tax audit cases.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CCFS 2026 Schemed
- Entries in AIS regarding sale of units and shares
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
