i HAVE carry forward Loss which is adjusted in my This year Capital gain , So if X Amount is reduced in this year CG , While entering the Quaterly data in which Quater i should adjust this difference . Shall i adjust in the first quater ?
thanks
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Quaterly figure after BFLA
Replies (5)
If there is no more tax liability or if there is refund, you can go ahead as said.
THANKS THERE IS TAX TO BE PAID for this year EVEN AFER SET OFF OF LAST YEAR LOSS , So Can i adjust in first quater or propotinate in all quaters? my this year CG Is around 6 lacks and 2 lacks adjusted against loss from last year so still tax to be paid for the year.
So, to reduce interest portion you need to check your accounts as and when the last 4 lakhs were gained? Put these figures in corresponding quarters.
Thank you very much for the prompt replies that too on a sunday. Helps a lot .
My Pleasure.
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