Negative Income

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Saurabh Mittal (Querist)
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10 September 2009 Can 'Income from other source' be negative????

Anjani Pratap Tiwari (Expert)
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10 September 2009 yes it can be negative.But it is not allowed to set off against other heads of income in the ITR.

KRISHNA KUMAR R C (Expert)
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10 September 2009 Yes it can be negative and it is available for set-off with positive income under any other heads.

ARUN KUMAR V (Expert)
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10 September 2009 Income from other sorce can be negative, and can be set off against other SOURCE of income in same year.

Sreedhar Atchutuni ACA,GradCWA (Expert)
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10 September 2009 Income from other sources can be negative.

CA CHINTAN AJMERA (Expert)
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10 September 2009 Yes it can be negative.

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