Income tax computation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2015
Dear expert.
my client is running proprietorship business. in FY. 2012-13 There was loss rs 20436/- in his business. can that loss of rs 20436/- my be set off in FY. 2013-14.
Plz. calculate the below mention details..
Gross income for FY 2013-14 is 632435/-
Deduction U/S 80C is 140000/-
Previous year loss is 20436/-
Please calculate the above.
my client is running proprietorship business. in FY. 2012-13 There was loss rs 20436/- in his business. can that loss of rs 20436/- my be set off in FY. 2013-14.
Plz. calculate the below mention details..
Gross income for FY 2013-14 is 632435/-
Deduction U/S 80C is 140000/-
Previous year loss is 20436/-
Please calculate the above.
05 February 2015
If the return is filed before the due date for the FY 2012-13 then only the loss can be claimed.
80C deduction can be claimed fully.
80C deduction can be claimed fully.
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