Section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2015
A Partnership Firm Gross Receipt Rs. 5678450 show profit @10.04% Rs. 569845 after that Interest to Partner Rs.1030473 & Remuneration Rs. 150000 so net Loss Rs.610628. this is actual situation
i file return u/s. 44AD
My question is whether loss Rs. 610628 eligible to carry forward to next year.
if yes than next year can i set off such loss against income of business under normal provision of income tax.
i file return u/s. 44AD
My question is whether loss Rs. 610628 eligible to carry forward to next year.
if yes than next year can i set off such loss against income of business under normal provision of income tax.
12 September 2015
yes, you can carry forward the loss to next year.
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
- Income tax return change regime form necessary or not?
- Tax Audit Mandatory or Optional
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Machinery taking back from repair work shop
- Issuance of authorised capital by pvt ltd co
- Rebate U/S 87A on Short Term Capital Gain on Sale Of Property .
- Stop filling ITR
- Partnership firm under Section 44AD
- Sale of goods to the purchasing party
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
