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Query asked by Sanskar Goyal on December 4, 2020

Re: reduction of loss in case of search

in case of search the assessee is accepting reduction of loss/depreciation, so as per scheme 125% is reduced but while filing form 1& 2 under schedule D of the form under the head disputed income 100% of loss amount is to be entered or 125% of loss amount , as there is no separate coloumn for search case as there is in Schedule A .

You may enter 125 % of the loss amount.  In case of difficulty , it is advisable to approach your designated authority under VSVA and discuss the issue. 


 

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