Sett off of business income
This query is : Resolved
18 February 2014
One of my client has two businesses. One is in proift and other in loss for the FY 2012-13. Now he wants to file his returns. Can he sett off the business profit with business loss.
Please help me regarding this.......
Please help me regarding this.......
18 February 2014
Yes he has to show the net income after adjustment of current losses of any business so he can set off the income against current years losses.
18 February 2014
Is it necessary to file the returns within due date to set off loss.
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