28 June 2018
Sir/Ma.am, I am a Architect Professional having gross receipts of less than 50 Lakhs during the current Financial year (F.Y. 2017-2018). I have loss for F.Y. 2016-2017 of about 9 Lakhs.
So kindly guide me whether I can claim Loss of F.Y. 2016-2017 if I opt for Presumptive Taxation under ITR - 4 during the current Year i.e. F.Y. 2017 - 2018
CAclubindia
