Disallowance of carry forward losses
This query is : Resolved
Nagesh Karia
(Querist)
09 July 2013
for ay 09-10 assessee has claim deduction for its losse amt rs.7lac. After reopening AO has disallowed to carry forward whole 7lac. By passing order in Ay 13-14.
So, my question is that whether this will affect my books of a/c? Or it will only affect compution of assesee for ay 13- 14.
And if it affect books of a/c what to be done to reverse the losse claim as deduction and carry forward till ay 13- 14.
So, my question is that whether this will affect my books of a/c? Or it will only affect compution of assesee for ay 13- 14.
And if it affect books of a/c what to be done to reverse the losse claim as deduction and carry forward till ay 13- 14.
09 July 2013
It will not affect the books of account ,meaning thereby no entries has to be passed in the boks of accounts.
Nagesh Karia
(Querist)
10 July 2013
thank u sir..
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