Business loss & other income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2014
Other Income Rs 200
Business Loss Rs 100
Net Profit Rs 100
Taxable Income Rs 100
Am I right sir ?
Business Loss Rs 100
Net Profit Rs 100
Taxable Income Rs 100
Am I right sir ?
19 June 2014
What is the nature of other income?
you can set off if the other income is not nature of casual income like lottery/ horse races etc..
you can set off if the other income is not nature of casual income like lottery/ horse races etc..
20 June 2014
if other income of lottery, horse race wining or casual income then these income are special rate income , agst this no adj will allowed .
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