Hi.
I just wanted to know if there are various sources of income for one person and tax is already deducted from salary and TDS from rent and there is a loss in business. Could this loss from business be adjusted with the salary and rent?? and how?
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incomes from various sources to be adjusted
Replies (2)
Loss from business and profession cannot be set off against income chargeable to tax under the head “Salaries”. But you can adjust against income from house property (Rent)
thank you so much ☺ sorry for the late reply..
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