Filing returns
This query is : Resolved
30 August 2019
Sir I am salaried and has fno losses. Turnover is 35 lacs. Is it okay to file through ITR 1 and not show report any losses. I have to do audit in case I select ITR 3....
Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=1135911
Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=1135911
Amit Saini
(Expert)
30 August 2019
Saurabh its your discretion for not to report of loss in ITR in case of loss bcz you will not able to sett off the loss in next financial year
Amit Saini
(Expert)
31 August 2019
How much loss you have.....
Beside above department will not give any notice which is abide them to decrease income of department
Beside above department will not give any notice which is abide them to decrease income of department
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Working on Gold wastage during Melting of old gold jewellery
- Capital gains in IT returns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
