dear team
plz suggest me what to do
I got notice u/s 143(1)(a)(ii) for
"losses of current year to be carried forward, is claimed but the original return us 139(1) is filed after due date or b/f losses not adjusted against current year income"
I already selected option "after due date" still got this error from tax dept.
how to respond to this query
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143(1)(a)(ii) losses not adj current year income
Replies (8)
The current year loss (except house property loss ) cannot be carried forward unless the income tax return is submitted before the due date but the loss of earlier years can be carried forward if the return of loss of that year(s) was submitted within the due date.
If you filed your return after due date than you can not carry forward current year loss except house property loss.
But how to revised this return
I already filled to used option "after due date" now this not applied for revised return
I already filled to used option "after due date" now this not applied for revised return
Return is related to which year..?
filed within due date or after due date..?
filed within due date or after due date..?
FY 2018-19, after due date
You have any carry forward of loss for that year..?
As If you filed that return after due date than you can not carry forward that year loss except house property loss.
As If you filed that return after due date than you can not carry forward that year loss except house property loss.
Business loss showing for current year when I filled tax return, eben I choose "after due date" still it was shown in return as c/f loss in tax return.
now online notice it shows error!!
plz suggest how to respond to this notice or rectified this return
now online notice it shows error!!
plz suggest how to respond to this notice or rectified this return
Agree with sagar you can not adjust business loss because return is filed after due date
You can file rectification return if intimation u/s 143(1) is received by you. (Check online for this)
If intimation not received that you have to revise your return, with correct data and than Give reply for Notice received u/s 143(1)(a)(ii) online at income tax website with Acknowledgement number of revised return.
If intimation not received that you have to revise your return, with correct data and than Give reply for Notice received u/s 143(1)(a)(ii) online at income tax website with Acknowledgement number of revised return.
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