Sir, my friend is a salaried person his total income exceed the limit of 1000000, He invested in agriculture business Rs 200000 of his salary but agriculture fully loss can we take 200000 dedution from his salary income
vairavan (accountant) (45 Points)
04 January 2022Sir, my friend is a salaried person his total income exceed the limit of 1000000, He invested in agriculture business Rs 200000 of his salary but agriculture fully loss can we take 200000 dedution from his salary income
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185249 Points)
Replied 05 January 2022
Is it Business loss or agricultural activity loss?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185249 Points)
Replied 08 January 2022
NO DEDUCTION FOR AGRICULTURAL INCOME LOSS, IF IT WAS FROM IFOS, YOU CAN ADJUST.
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