Taxable income for AOP
Manoj Kumar (Accountant) (108 Points)
25 August 2018Manoj Kumar (Accountant) (108 Points)
25 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 25 August 2018
Taxable income will be 3.5L + 6.5L = 10L (less) deductions
Manoj Kumar
(Accountant)
(108 Points)
Replied 25 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 25 August 2018
Interest from FD comes in different head i.e income from other source. You cant net it with expense.
So show business loss and Income ffrom other source separately