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Adjustment of Business Loss.

This query is : Resolved 

05 August 2010 I am having a proprietory business and also I am working in a company fro which I am receiving a salay and TDS is also deducted from the salary. I want to know Can I adjust business loss against my salary income and claim the refund, or Business Loss and salary cannot be clubbed.

Thanks

05 August 2010 NO BUSINESS LOSS CAN NOT BE ADJUSTED WITH SALARY INCOME.

05 August 2010 FOR BETTER UNDERSTANDING YOU CAN VISIT THE FOLOWING ILNK
http://www.simpletaxindia.org/2009/02/set-off-of-loss-from-same-head-another.html




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