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
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
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.
No, PGBP losses can't be setoff from Income from Salary.
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