Hi, i need urgent assistance on the below query:
I have income from salary and am in the 30% tax bracket. I also have a proprietory concern, where the expenditure is more than the income. also here i am getting paid with the TDS effected.
I want to know when i file the ITR 4 whether i need to club both the income and also pay 30% tax on the income from proprietory concern when there is a business loss or leave it with the 10.3% TDS that is applicable for every transaction.
Guidance on this will be welcome.
Thanx
CAclubindia
