Disallowance of capital expenditure

Hi All,

Loss on sale of building has been disallowed in computing tax of a company and also reported in tax audit report under Sl.no 1 of clause 21(a) i.e., Capital expenditure. However A.O. raised demand by again adding such amount.

I think i have not shown disallowance under proper column in ITR. Can anyone please suggest in which column of Schedule BP i have to show such disallowance.

Replies (3)
Quick Summary
A company's loss on the sale of a building was disallowed as capital expenditure and noted in the tax audit report. However, the Assessing Officer (AO) has added this amount back, suggesting the disallowance wasn't reported in the correct ITR column. The user is seeking guidance on which specific column within Schedule BP of the Income Tax Return (ITR) to use for this disallowance, aiming to rectify the return accurately.

Ractify your return...

Yes sir i will rectify return but my doubt is in which column of Schedule BP i have to show such disallowance.

 

Other Information
7a
and
Schedule BP serial No.15

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