Business closed but income under other sources exist
This query is : Resolved
Vaishnavi Nistala
(Querist)
25 July 2016
I have closed my saree business as it was under losses since years. But i am filing returns regulary under loss.As of now i have closed my business as on feb 2015
Do i need to show any income under business head for filing return for AY 2016-17????
I also have income from other sources.
So is it enough to show only other sources????
Do i need to show any income under business head for filing return for AY 2016-17????
I also have income from other sources.
So is it enough to show only other sources????
Amol S Joglekar
(Expert)
25 July 2016
if the business is closed, you need not show any activity under that for the financial year 2015-16.
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