For my example I have current year deferred losses of 999 & Prior Year Deferred Losses of 1000.
Business --->Net Income
Deferred Losses
Business Loss Activity Details
Commercial Losses Carried forward
Don't fill any information relating to Non Commercial Losses if the loss is not non commercial.
Note: P8 Deferred non-commercial losses from a prior year” user has to manually enter deferred losses if they are relating to same or similar activity from the previous year.
Losses section shows overall tax losses, not only business. User should also show the loss on Business Income & Expenses section. This amount will go in ITR’s Net income and in losses section.
