Question ID : 42181

FORM 29B IN CASE OF LOSS

Whether filing of Form 29B is required where there is loss as per Income Tax Act, loss as per books of accounts and book profits are also in negative? The company is not liable for audit u/s 44AB. If filing of Form 29B is required, then how to report Loss in Point no. 6 Total Income of Company as Form 29B on Income Tax Portal is not allowing negative figures?

posted by vikas kalra on Nov 26 2021 12:00AM