Hi Team,
I am a IT professional and wanted to know Can I invest my Salary in a Business and any Profit or Loss can be clubbed to my Income ???
Thanks Amit
Menu
Can salary be invested into a business
Replies (3)
You can do whatever you want to do with your salary ie save, invest, spend, start a new business. Thereafter, you will have to file ITR-4 and show separately your income from business.
Thanks so in case of loss can that be adjusted from my sal taxable income as well
No, PGBP losses can't be setoff from Income from Salary.
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
