05 November 2011
Any body tell me if i have an remuneration from partnership firm,and loss from proprietry business, can this loss be set off with remuneration U/H PGBP. I have received an notice U/s 143(1) in which loss was not set off.and what action needed for that?
05 November 2011
Set off is available. Intimation U/s 143(1) shows that set off is not allowed, then explain the position to the ITO or in case of e-filing return, check the return and submit the rectification request.
CAclubindia
