Presumptive taxation (sec 44ada)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2018
Sir/Ma.am,
I am a Architect Professional having gross receipts of less than 50 Lakhs during the current Financial year (F.Y. 2017-2018). I have loss for F.Y. 2016-2017 of about 9 Lakhs.
So kindly guide me whether I can claim Loss of F.Y. 2016-2017 if I opt for Presumptive Taxation under ITR - 4 during the current Year i.e. F.Y. 2017 - 2018
I am a Architect Professional having gross receipts of less than 50 Lakhs during the current Financial year (F.Y. 2017-2018). I have loss for F.Y. 2016-2017 of about 9 Lakhs.
So kindly guide me whether I can claim Loss of F.Y. 2016-2017 if I opt for Presumptive Taxation under ITR - 4 during the current Year i.e. F.Y. 2017 - 2018
28 June 2018
Not possible for such set off per law and per columns of ITR-4.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- CREDIT NOTES WITHOUT GST
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
