C/f and b/f of losses
This query is : Resolved
15 January 2016
Please guide me in following situation
Return for AY 2011-12 filed declaring loss of Rs 150000 and carried forward.
Returns for AY 2012-13,2013-14,2014-15 and 2015-16 have been filed by claiming balance of brought forward losses of AY 2011-12 in each above years.
Assessment for AY 2011-12 done and computed loss at Rs 50000.
Now my question is what is to be done with Returns of AY 2012-13,2013-14,2014-15 and 2015-16 already filed by taking b/f loss of Rs150000.
Return for AY 2011-12 filed declaring loss of Rs 150000 and carried forward.
Returns for AY 2012-13,2013-14,2014-15 and 2015-16 have been filed by claiming balance of brought forward losses of AY 2011-12 in each above years.
Assessment for AY 2011-12 done and computed loss at Rs 50000.
Now my question is what is to be done with Returns of AY 2012-13,2013-14,2014-15 and 2015-16 already filed by taking b/f loss of Rs150000.
Amol S Joglekar
(Expert)
15 January 2016
no need to do anything..... the department will do the same in the assessment of subsequent years.
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