Dear frds/ experts,
Is it compulsory to file loss return for propriership firm, in case it has been closed?
Earliest reply would be greatly appreciated.
Thanks in adv / Maya.
3 Replies
Kapadia Pravin
(17259 Points)
Replied 31 August 2019
Not necessary and compulsory to include loss in proprietory Business. If other sources of income are there and exceeding basic limit then file return for those income
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