Re: Option to reduce carry forward losses opted
In case option not pay tax opted and income tax order relates to reduction of losses .In 143(3)order passed by ld AO, brought and carry forward lossess as per Income Tax Authority are not mentioned therein ,how these figures would be filled in S.no. D and E of Schedule D Annexure D of Form 1 of VSV .can we keep blank and upload form? Or is it mandatory?
Reply of the Expert is awaited. Please check back later;
No, the figures have to be filled and cannot be left blank.
The figures have to be calculated based on the additions made in assessment order of previous years for which losses are carried forward.
Regards