Itr 4
Channi (COO) (43 Points)
09 August 2015Channi (COO) (43 Points)
09 August 2015
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 10 August 2015
If you have business loss, this is not allowed to be deducted against salary income as perIncome tax Law. That is the reason why it does not get deducted. Ths loss will be carried forward and adjusted agaisnt business profit of later years, provided you file the return on time.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)