loss returns

This query is : Resolved 

(Querist)
13 December 2016 Sir/madam I have filed a return of income of 1.2 lacs in previous year u/s 139 (1)and now I have to revise it because I have not taken a deduction of 2.1lacs, and therefore loss of return of 0 .90 lac.is it valid?

13 December 2016 You filed return u/s 139(1), that means its not belated return. So you can revise it. Yes you can claim the deduction in a revised return.

Ria (Querist)
13 December 2016 as it is mandatory to file notice u/s 143 ( 2 ) with 148. do we do scrutiny assessment when 143 ( 2 ) issued along with 148?

Ria (Querist)
04 January 2017 I have lost goods worth rs20,000 against which I got insurance compensation of rs 25,000.then difference i.e rs5,000 taxable as business income under which head?

03 August 2024 https://docs.google.com/document/d/1iwaPs2WyEPAL_3Mvz5Iy6AAUBoWw5NbYEdsfQhXa04Y/edit?usp=sharing


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