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Loss return filed allowed in f.y.20-21

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Kollipara Sundaraiah (Querist)
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22 February 2021 sir,
sec 44ab audited individual status return filed professional income (hospital) assess purchases of hospital medical equipment value Rs:60,00,000/-in f.y.20-21 on Dt:20-05-20 .Depreciation claimed @15% Rs 9 lacs to profit and loss account net income loss in f.y.20-21
Question:
1.Assess loss net income i.t. retun filed in f.y.20-21 allowed in i.t.act
2.Loss return filed any problem future.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 February 2021 1 Loss return allowed as 44ab report is there.
2 No problem loss may be due to running an hospital.

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