Sec. 44AF

Prince (Chartered Accountant) (13 Points)

03 August 2007  

At the time of filing return of income Is it compulsory to state that profit or loss from business or profession is declare u/s. 44AF..

and if assessee is not write so then at the time of assessment stage he can claim the same..

In the IT act where it is mentioned that one has to file return of income with showing business income u/s. 28 or 44AD,AE or AF..