Sir, my friend is a salaried person his total income exceed the limit of 1000000, He invested in agriculture business Rs 200000 of his salary but agriculture fully loss can we take 200000 dedution from his salary income
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Agricultural loss
Replies (3)
Is it Business loss or agricultural activity loss?
Agricultural activity loss
NO DEDUCTION FOR AGRICULTURAL INCOME LOSS, IF IT WAS FROM IFOS, YOU CAN ADJUST.
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