Set off of losses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2014
Dear Si,
I have following quires -:
1. Can Income from Quiz Competition will be a casual Income ?
2. And this Income can Set off against Loss from Business or Proffession?
Please clarify me regargding this.
I have following quires -:
1. Can Income from Quiz Competition will be a casual Income ?
2. And this Income can Set off against Loss from Business or Proffession?
Please clarify me regargding this.
26 March 2014
it is income from other sources and not allowed to be set off...
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