Proposed adjustments u/s 143(1)(a) of Income Tax Act, 1961
This query is : Resolved
14 April 2022
original return filed date 31.12.2021 AY 2021-22 with disclose business loss to be carried forward 50000
after that return Revised u/s 139(5),date 28.03.2022 with disclosed loss to be carried forward 55600
now we get a notice u/s 143(1)(a),loss cannot be carried forward due to return filed date is 28.03.2022 after the due date 139(1).
so i want to ask that loss can be carried forward or not
Incorrect claim u/s 143(1)(a)(ii)
PART-BTI
In Schedule Part B-TI, Taxpayer cannot carry forward current year loss except House Property loss if return is filed after the due date allowed u/s 139(1)
after that return Revised u/s 139(5),date 28.03.2022 with disclosed loss to be carried forward 55600
now we get a notice u/s 143(1)(a),loss cannot be carried forward due to return filed date is 28.03.2022 after the due date 139(1).
so i want to ask that loss can be carried forward or not
Incorrect claim u/s 143(1)(a)(ii)
PART-BTI
In Schedule Part B-TI, Taxpayer cannot carry forward current year loss except House Property loss if return is filed after the due date allowed u/s 139(1)
14 April 2022
Original return is filed within the due date hence loss can be carried forward. So reply to the notice.
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
