Income tax
This query is : Resolved
18 July 2014
hi sir
e.g A has brokarage income of Rs 213000 on which tds deducted u/s194h 21300 but he has incurred actual loss of Rs 100000 .I.e expenses loss rent exps. depri.and salary exps. then in it return itr4 we should show loss or not ? is there any problem in future if we show loss in itr 4 ?????
18 July 2014
u can show exp incurred in itr and reduce the commision income so then the taxable profit i.e commision income - exp incurred to earn such income is allowed to get it deducted.
but what loss u have incurred.
but what loss u have incurred.
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