Enhanced loss in revised return
This query is : Resolved
07 October 2016
for asst.15-16
company filed return on time with loss of -29 lacs in sep 2015.
company revised return with enahnced loss of 1.22 crores in may 2016
for asst.16-17, company has profit.
can cmpany get loss set off of 1.22 crores or just 29 lacs?
(my view - rs.1.22 crores as revised return is in time).
regards, ca kunjan, 9222922292
company filed return on time with loss of -29 lacs in sep 2015.
company revised return with enahnced loss of 1.22 crores in may 2016
for asst.16-17, company has profit.
can cmpany get loss set off of 1.22 crores or just 29 lacs?
(my view - rs.1.22 crores as revised return is in time).
regards, ca kunjan, 9222922292
08 October 2016
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