Other income

This query is : Resolved 

18 June 2013 Dear All ,
One of our Individual client was having business income in the F.Y. 2011-12 , As return was not filed . But now he wants to file the return . So it is necessary to show the current account of that business ? As business was wind up in the sep 2011. Business has loss so the business closed. From oct 2011 he was having the salary income .

Kindly suggest me how we can compute his tax
hope for the fast reply .

18 June 2013 You Can file Income Tax Return Loss Can't be Set off Against Salary income

18 June 2013 thanks for reply , but we have show the business income with the salary ? so we will calculate the total income ?


18 June 2013 Business income or loss ? Loss You can not set off against income and it will be directly debited to capital account



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries