setoff and c/f of lossess
This query is : Resolved
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
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.
05 August 2023
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