TAX AUDIT REPORTING CL 32(a)

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This discussion clarifies the reporting requirements for brought forward losses and depreciation allowances under Section CL 32(a) of the tax audit report. It explains how to correctly report losses from previous financial years, such as a Rs 10 lakh loss from FY 2021-2022, by stating it as a brought forward loss for the relevant Assessment Year. The guidance also confirms the need to include details of the assessment order received under Section 143 and the amount allowed.

Hemkumar

Hemkumar

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24 September 2023 Can Any guide about how to comply with reporting requirement u/s Cl. 32 (a) Details of Brought loss or depreciation allowance in the following manner to the extant available ?? for example if I have loss during FY 2021-2022 of Rs 10 lakhs , how to report in above clause ??