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set off of loss of business with parnership remuneration

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(Querist)
05 November 2011 Any body tell me if i have an remuneration from partnership firm,and loss from proprietry business, can this loss be set off with remuneration U/H PGBP. I have received an notice U/s 143(1) in which loss was not set off.and what action needed for that?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
05 November 2011 Set off is available. Intimation U/s 143(1)
shows that set off is not allowed, then explain the position to the ITO or in case of e-filing return, check the return and submit the rectification request.
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
05 November 2011 Yes it is possible... Set off must be allowed.. You may file an application for rectification in the intimation...
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