How to depict figures in late itr 6 return so loss is not cf

Save Share

This query is : Resolved

AviGan (Querist)

16 May 2018 The company has a loss in current year of Rs. 132975 for financial year 2016-17. ITR is filed late hence loss of current year cannot be carried forward. But In ITR 6 this figure of loss in current year is automatically being depicted in CFL sheet of excel utility as loss being carried forward. I have recieved a notice from department mentioning the same " In Schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date."
Please tell me how to correct ITR 6 so that loss of current year is not carried forward.
Thanks.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

16 May 2018 To cure this we have to file a Revised Return and in computation we have to show as loss is not to be c/fd. But as you have said that the utility does not support us to do so, In my view - CPC itself will take the cognisance and remove the same from being c/fd.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

16 May 2018 Understand that, this is an error of the excel utility available at the timefiling.
Course of action is-
+ file revised return (presumes the present utility has corrected the error
existed therein)
+ reply online to the notice by selecting option 'accept' from the drop down menu
and fill up the ack. no. of the revised return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now