ITR - 6 - Revise return

[DEVKUMAR KOTHARI]

Income tax return ITR 6 for company. Current years business loss not shown as c/f Business loss is computed in BP sheet. A part of it set off against house property income to make HP income nil in CYLA sheet. In CYL sheet the balance business loss to be c/f is not shown. Loss under capital gain is computed and also shown as c/f in CFL sheet separately for ST and LT. Unable to understand reason for current business loss not being shown as c/f/. All sheets are validated and found Okay. In XML file also business loss c/f is not shown Is it due to some corruption of file? What is remedy: To fill in return again or some other remedy is available? Please thinsk reasons and suggest way out. What can be reasons for business loss not being shown as cf in CYL. The return is timely, there is no change in shareholding.

AI Summary

ITR-6 Issue: Business Loss Not Carried Forward; Ensure Row 37 in BP Schedule is Filled for Correct CFL Display. A user raised an issue regarding the ITR-6 form for a company, where the current year's business loss was not shown as carried forward (c/f) in the CYL sheet, despite being computed in the BP sheet and partially set off against house property income. The user questioned if this could be due to file corruption and sought remedies. The response suggested that the issue might stem from not filling in row 37 in the BP schedule, even if there is no income under Rules 7A, 7B, and 7C. It advised repeating the derived loss amount in row 37 to ensure it is carried forward in the CFL schedule.