Menu
agreegation income of two bussines
How will compute income of assesee ?, if in previous year one person doing profession for some months i.e.4months , and leaves the profession & also in that year previous year he does other bussiness (other than profession) for part of the year
Replies (2)
ADD THEM :)
Prepare two separate P & L and add the profit of the two businesses in the computation sheet. If u get loss in one and profit in the other, than set off both and offer for tax net taxable income if any or c/f for next year.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
