Re: Re: Option to reduce carry forward losses in place of tax payment
In case assessee opts not to pay tax opted as income tax order relates to reduction of losses due to disallowance . Assessment order passed by ld AO u/s 143(3), wherein brought and carry forward lossess as per Income Tax Authority are not mentioned ,as required how these figures would be filled in S.no. D and E of Schedule D Annexure D of Form 1 of VSV .can VsV Form be uploaded by keeping these column blank ? Or is it mandatory?
Circular No 9 /2020 dt 22-04 -2020 .In response to Q . No 53 the CBDT clarified that they will prescribe the manner of calculation of loss and computation, however till date no clarification is issued. We have to wait for clarification to be issued by the CBDT .
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