FRENZ,
CAN I GET SOME REAL LIFE EXAMPLES ON LOSS FROM OTHER SOURCES....OTHER THAN, OWNING AND MAINTANING RACE HORSES.....
CA B Anand (CHARTERED ACCOUNTANT) (198 Points)
27 July 2010FRENZ,
CAN I GET SOME REAL LIFE EXAMPLES ON LOSS FROM OTHER SOURCES....OTHER THAN, OWNING AND MAINTANING RACE HORSES.....
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 27 July 2010
dear friends
normally there is no loss under other sources.i also never see this type of case in filling returns.
shyam sundar
(Article Assisstant)
(183 Points)
Replied 27 July 2010
letting out an vacant land purchased out of a loan.
interest earned from any amount borrowed and interest paid on it..
dividend received from foreign companies and charges paid on bank account for operating such accounts..
getting family pension after settling the dispute in the court of law.