Adjustments for purchasing house property

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One person never filed his income tax return till now but now he want to file income tax return.

He is earning income from business.

Can he show opening capital in his income tax return?

Replies (1)
Yes he can..you can explain this like he is a small businessmen and his income is below exemption limit i.e.not covered under exemption limit...so he is not liable to filled ITR...


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