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.
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