Sec 44ada and loss from speculative business.
This query is : Resolved
20 September 2024
Hi,
Can we claim 44ada ( presumptive taxation) if all other conditions are met for our professional income if we also have loss from owning and maintaining horse under the head "other sources".
Can you please guide.
Regards,
Can we claim 44ada ( presumptive taxation) if all other conditions are met for our professional income if we also have loss from owning and maintaining horse under the head "other sources".
Can you please guide.
Regards,
21 September 2024
Yes, you can claim 44ADA in such a case no problem.
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