Additions made under assessment

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  1. sandeep123#

    sandeep123# New Member

    my company has been assessed under the provisions of income tax for the FY 2011-12 where an addition for Rs 800000/- has been made by the assessing officer. since there was a loss in that year with this addition the loss that has been carried forward has been reduced by the above amount.
    please advise about the treatment of the above in the books as for the year 2012-13 we have set off the loss that was carried forward and for 2013-14 we had a profit and this year too we would have a profit.

    thank you in advance.

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