Treatment of loss from betting ???
This query is : Resolved
07 March 2014
Hello everyone,
kindly provide me solution of the following.
Income from house property (ay 13-14) - 100000
Income from Business profession(ay 13-14)-200000
Loss from betting for AY 10-11- 50000/-
what will be the treatment of loss from betting ?
waiting for the views of the experts.
kindly provide me solution of the following.
Income from house property (ay 13-14) - 100000
Income from Business profession(ay 13-14)-200000
Loss from betting for AY 10-11- 50000/-
what will be the treatment of loss from betting ?
waiting for the views of the experts.
07 March 2014
loss from betting is not allowed under income tax- no set off allowed.
11 March 2014
no set off is allowed under income tax act...
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