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Pankaj Mall (Querist)
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03 July 2009 Can we carry forward a business loss to subsequent years if we have positive income from other sources?

Eg Income (Business) -101000
Income (IFOS) 80000

Plz Reply As soon as possible as it is urgent???????

Abhijeet Vasant Lande.

Abhijeet Vasant Lande. (Expert)
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03 July 2009 In above mentioned example you have to set off Rs.80000/- against business loss of Rs.101000/-

You can carry forward balance only Rs.21000/-
to subsequent year.

Abhijeet Vasant Lande.

Abhijeet Vasant Lande. (Expert)
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03 July 2009 In above mentioned example you have to set off Rs.80000/- against business loss of Rs.101000/-

You can carry forward balance only Rs.21000/-
to subsequent year.

Abhijeet Vasant Lande.

Abhijeet Vasant Lande. (Expert)
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03 July 2009 In above mentioned example you have to set off Rs.80000/- against business loss of Rs.101000/-

You can carry forward balance only Rs.21000/-
to subsequent year.