Set off of losses
This query is : Resolved
21 August 2012
I am partner in partnership firm, can i set-off my share of losses from my salary income?
and in which itr is applicable on me? please advise.
and in which itr is applicable on me? please advise.
21 August 2012
There is no tax treatment of share of loss in the hands of partner since it is exempt income.
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