FY 2021-22 ( AY 2022-23 ) ka return file kia tha jisme HP Loss around 1.36L hai and CYLA me bhi wo loss aaya tha but after filing of ITR HP Head me Loss 0 ho gaya but CYLA me wo 1.36L show kr rhaa
now notice issue hua hai and as per IT wo loss consider nai kia and demand notice issue kar dia
what to do now ?
9 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 August 2023
Check the carry forward table of losses
SunNy LakHani
(12 Points)
Replied 15 August 2023
Carry fwd of losses ke table me dikh raha but due to some issue or mistake IFHP me capture nhi hua h
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 August 2023
Might be Income from HP is zero instead of negative
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 August 2023
Was it adjusted against any other sources of income?
SunNy LakHani
(12 Points)
Replied 15 August 2023
No there are only 2 heads of income one is PGBP and second is HP loss
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 August 2023
Loss from house property would have set off against business income and that is why it should have been shown as zero
SunNy LakHani
(12 Points)
Replied 15 August 2023
But in that it should have a negative balance Loss from HP
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 16 August 2023
Contact near by tax consultant and recheck once
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