Income tax

This query is : Resolved

chetan (Querist)
Follow

18 July 2014 hi sir e.g A has brokarage income of Rs 213000 on which tds deducted u/s194h 21300 but he has incurred actual loss of Rs 100000 .I.e expenses loss rent exps. depri.and salary exps. then in it return itr4 we should show loss or not ? is there any problem in future if we show loss in itr 4 ?????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

18 July 2014 u can show exp incurred in itr and reduce the commision income so then the taxable profit i.e commision income - exp incurred to earn such income is allowed to get it deducted.

but what loss u have incurred.