Home |vivad se vishwas scheme | If the loss is not allowed to be adjusted while calculating disputed tax, will that loss be allowed to be carried forward under Vivad se Vishwas scheme?

If the loss is not allowed to be adjusted while calculating disputed tax, will that loss be allowed to be carried forward under Vivad se Vishwas scheme?

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Suresh Suresh
Answered on March 20,2020

As per the amendment proposed in Vivad se Vishwas, in a case where the dispute in relation to an assessment year relates to the reduction of Minimum Alternate Tax (MAT) credit or reduction of loss or depreciation, the appellant shall have an option either to (i) include the amount of tax-related to such MAT credit or loss or depreciation in the amount of disputed tax and carry forward the MAT credit or loss or deprecation or (ii) to carry forward the reduced tax credit or loss or depreciation. CBDT will prescribe the manner of calculation in such cases.

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