Padmini (Coder) (32 Points)
31 July 2024Hi Sir,
In the past years except last year fy22-23, I had captial loss in equity. But last year in fy22-23, I had capital gain and therefore the gain was offset against part of the loss. Now for fy23-24, I am able to show only the previous year losses but not the gain that I had offset. How do I show that I have already utilised part of the loss offsetting ?
Without this the carry forward loss in this year return will be wrong.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 31 July 2024
You can edit the schedule.
Check the Tab at the bottom.
Padmini
(Coder)
(32 Points)
Replied 31 July 2024
Hi SIr, under CFL, Edit option is only available for previous year losses row. The last available is for
Total losses to be carried forward is not selectable and hence not editable.
Since CFL doesn't have a row for specifying the loss already offset to the gains in previous years, I have a idea.
While declaring the losses of that -8th, -7th, -6th years, shall I reduced the loss that's already offset and show these year's losses as 0 or lower amount than the total loss of that year.
Say, last year I offset gain of 50K. Now, -8th year's loss I will show as 0 instead of 25K
-7th year loss I will show as 0 instead of 20K -6th year loss I will show as 15K instead of 20K
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 31 July 2024
You need to edit Schedule BFLA...
Padmini
(Coder)
(32 Points)
Replied 31 July 2024
in the BFLA is not editable. This value comes from the CFL sheet and therefore, I can only edit the individual year losses in the CFL sheet
CAclubindia
