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Negative Income

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(Querist)
10 September 2009 Can 'Income from other source' be negative????
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Anjani Pratap Tiwari

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

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

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

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

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