Original return of income was filed for the A.Y 2009-10 within due date declaring a total loss of Rs.100000/- for a company.The return was processed u/s 143(1) by A.O and disallowed the depreciation claimed to the extent of Rs.600000/-.A.O. oredered to adjust the above amount in the brought forward loss of A.Y 2007-08 which is to the extent of Rs.8,00,60,000/-.I want to know how can we adjust this amount as the ITR been already filed till A.Y 2011-12 , while filing return of income for the A.Y.2012-13?
Even now the Company has the B/f losses for the A.y 2012-13.
CAclubindia
