IF INDIVIDUAL HAVING MORE THAN THREE BUSINESS INCLUDING ONE LOSS HOW TO FILL ITR FORM
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Itr return filling
Replies (3)
If all three businesses are non-speculative, then business loss of one business can be set off against the business profit of other two businesses.
you will have to fill up ITR-4. In that you will have to merge figures of Balance Sheet and P&L of all the three businesses and then have to put those merged figures in ITR in Balance sheet and P&L however computation will be made for each business seperately showing it as business 1, business 2 and business 3.
Hope this will solve your query.
Loss from 1 business can be set of from other business.
ITR 4 is to be filled up.
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