setoff and c/f of lossess
This query is : Resolved
NITIN B DHAVAN
(Querist)
09 October 2010
my client has following unabsorbed dep and unabsorbed business lossess A.Y 02/03 UD Rs.75.00 lacs and UBL Rs.50.00 lacs during the c.y. & AY 03-04 UD was Rs.25.00 lacs & UBL was Rs.40.00 lacs during the A.Y.10-11 total income is Rs.70.00 lacs so how to take s/off and how to show in itr becasue itr is not having separeate column for unabsorbed lossess B/F.
in our orinion first take setoff of lossess however the itr is not allowing to c/f unabsorbed dep of a.y. 02-03 plz advice
in our orinion first take setoff of lossess however the itr is not allowing to c/f unabsorbed dep of a.y. 02-03 plz advice
CA Suraj Lakhotia
(Expert)
09 October 2010
You have to fill the details of Brought forward loss set off in schedule CYLA-BFLA.
ITR does not have provision to report unabsorbed depreciation to be carried forward.
ITR does not have provision to report unabsorbed depreciation to be carried forward.
Dhirajlal Rambhia
(Expert)
05 August 2023
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