My query is regarding filling carry forward/set off of losses and bought forward losses schedule in ITR 4 for the Assessment Year 2010-11, which was noticed while filing rectification of income tax return and problem which occurs while filling the form was as follows.
During the process of rectification of the Income Tax Return a technical problem was noticed in ScheduleBFLA, when macros were enabled to calculate Set Off. The problem encountered was that, whenever an amount was inserted in the Brought Forward Depreciation Set Off column and Calculate Set Off button was pressed, an identical amount was reflected in Brought Forward Loss Set Off. Due to this reason the PartB-TI where set off is reflected in Row No 8, shows the sum of figure inserted in Brought Forward Depreciation Set Off and the Brought Forward Loss Set Off (which is due to enabling macros to Calculate Set Off) which is incorrect and doubles the amount of Set Off.
So kindly guide that how the ScheduleBFLA should be filled in order to claim right amount of Set Off.
CAclubindia
