{"id":14496,"date":"2020-12-18T10:03:53","date_gmt":"2020-12-18T10:03:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/loss-carry-forward-under-dtvsv\/"},"modified":"2020-12-21T16:18:36","modified_gmt":"2020-12-21T16:18:36","slug":"loss-carry-forward-under-dtvsv","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/loss-carry-forward-under-dtvsv\/","title":{"rendered":"Loss Carry Forward under DTVSV"},"content":{"rendered":"<p>We had returned a net loss of Rs. 12,00,000\/- for the AY 2016-17. During the course of assessment u\/s. 143(3), there was an addition to the tune of Rs. 30,00,000\/-. So, the net income was assessed at Rs. 18,00,000\/-. The appeal is pending as on 31.01.2020. <\/p>\n<p>Out of the returned loss of Rs. 12,00,000\/-, we have already set off a loss of Rs. 5,00,000\/- in the AY 2017-18 and the balance loss of Rs. 7,00,000\/- is still available as on date. We do not foresee any profits in the subsequent years to set off the balance loss of Rs. 7,00,000\/- and it is bound to lapse.<\/p>\n<p>In this scenario, what is the disputed income for which we have to file the application under DTVSV Act for the AY 2016-17?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We had returned a net loss of Rs. 12,00,000\/- for the AY 2016-17. During the course of assessment u\/s. 143(3), there was an addition to the tune of Rs. 30,00,000\/-. So, the net income was assessed at Rs. 18,00,000\/-. The appeal is pending as on 31.01.2020. Out of the returned loss of Rs. 12,00,000\/-, we have already set off a loss of Rs. 5,00,000\/- in the AY 2017-18 and the balance loss of Rs. 7,00,000\/- is still available as on date. We do not foresee any profits in the subsequent years to set off the balance loss of Rs. 7,00,000\/- and it is bound to lapse. In this scenario, what is the disputed income for which we have to file the application under DTVSV Act for the AY 2016-17?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/loss-carry-forward-under-dtvsv\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-14496","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/14496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14496"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14496"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14496"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=14496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}