05 October 2010
Assessee is having carried over losses for more than 8 years. It consists of both business loss as well as depreciation loss.While filling ITR 5 in work sheet CFL it is not clear as to whether I have to fill only business loss or both.When total of both lossess entered for assmt year 2002-03 then carried forward loss for future years will exclude entire amount of assmt year 2002-03.
If I enter only the business losses then where I have to enter carried over depreciation losses. Can any one clarify, please.
CAclubindia
