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Knowing about return


24 November 2017 I want to know that if i return my file 250000 and next year also return file 250000 then pls tell me that my capital would be 500000. And no taxable income which i return previously.

24 November 2017 Yes your capital will be 5 Lakhs provided you don't do any drawings

24 November 2017 But sir i want to know that if my capital is 5 laks then what will be my taxable income if i earn 250000 then last two year income will be added or not


24 November 2017 You taxable income will be 250000 but no tax because you income is below basic exemption limit

24 November 2017 It is assumed that you are asking question for Individual

24 November 2017 Thanks you sir for providing details

24 November 2017 Most Welcome Mohit Ji



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