Adjustment of Business Loss.
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
05 August 2010
I am having a proprietory business and also I am working in a company fro which I am receiving a salay and TDS is also deducted from the salary. I want to know Can I adjust business loss against my salary income and claim the refund, or Business Loss and salary cannot be clubbed.
Thanks
Thanks
CA Sanat Pyne
(Expert)
05 August 2010
NO BUSINESS LOSS CAN NOT BE ADJUSTED WITH SALARY INCOME.
CA Sanat Pyne
(Expert)
05 August 2010
FOR BETTER UNDERSTANDING YOU CAN VISIT THE FOLOWING ILNK
https://www.simpletaxindia.org/2009/02/set-off-of-loss-from-same-head-another.html
https://www.simpletaxindia.org/2009/02/set-off-of-loss-from-same-head-another.html
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