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
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 14 July 2024
If there is no more tax liability or if there is refund, you can go ahead as said.
RAMESH GOPALAKRISHNAN
(retired)
(41 Points)
Replied 14 July 2024
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.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 14 July 2024
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.
RAMESH GOPALAKRISHNAN
(retired)
(41 Points)
Replied 14 July 2024
Thank you very much for the prompt replies that too on a sunday. Helps a lot .
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