Hello,
For a doctor who setup his own clinic in last financial year and have net losses due to the initial cost of setting up the clinic:
1) Which ITR form should be used?
2) Which section in the form should be used to declare the investment/income/losses
More Details are as follows: - Clinic setup with own (+spouse's) funds with investments of around 5 lakhs in May 2012 - Net profit till March 2013 is 1.2 Lakhs - So net loss is (5 - 1.2 = 3.8 laks) I believe this can be carry-forwarded to next years. Will these be speculative or non-speculative?
Any help will be much appreciated.
Thanks