Form 3CD - Income Tax Audit Report-Clause 32

Tax queries 1734 views 1 replies

In form 3CD, clause 32 (a), we need to provide details of the last years brought Forward losses, which we want to set off against current year's appropriate head of income. We need to write FY and the" Amount as assessed (give
reference to relevant order)". My query is can we claim the set off of brought forward losses even if the assessment is not done yet?


Attached File : 91724 20220119120707 clause 32 a 3cd.pdf downloaded: 27 times
Replies (1)

Self-Assessment is also an Assessment. For earlier years, we compute the income or loss, as the case may be, on self-assessment basis and file the return. Hence, Returned Loss is also an Assessed Loss. Hence, in my opinion, you can claim the set-off of brounght forward losses even if the assessment (by AO) is not done yet


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