115 jb clearification neede on form 29b

In form 29B clause 5- Income as per Income tax Act,

when there is loss, whether the amount to be written against clause 5 would be Nil of the loss amount?

For eg. If there is a loss of Rs 25000...then should we write Nil of (25000)?

Replies (1)

Income means Total Income which includes negative income i.e. loss also)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register