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Sec 44ada and loss from speculative business.

This query is : Resolved 
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(Querist)
20 September 2024 Hi,
Can we claim 44ada ( presumptive taxation) if all other conditions are met for our professional income if we also have loss from owning and maintaining horse under the head "other sources".

Can you please guide.
Regards,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 September 2024 Yes, you can claim 44ADA in such a case no problem.

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