We are a LLP. We are preparing ITR-5 for the AY 2021-22. This will be our 2nd year ITR filing.
Under Schedule AMTC, an amount of Rs.4654 is showing against 3. Amount of tax against which credit is available tax credit u/s 115jd. But the other two points 1. and 2. under the schedule showing value as 0. Also note, for last 2 years (including AY 2021-22) we are filing ITR with losses only.
Can anyone explain what does is it mean?
Since currently we have losses only, can we carry forward it to subsequent years? If yes, how?
Reference screenshot:
CAclubindia
