banner_ad

Urgent ITR 3 query business loss

Tax queries 227 views 3 replies

Greetings 

when the client has business loss of ₹26,000 only and other sources income and capital gain of 1000 how to show the loss in ITR 3 (he has total income beloe BEL

Replies (3)

Business loss under PGBP head and Capital gains under Schedule CG !!!

File ITR 3..... The utility will take care of rest of things...

Do we need to do tax audit for this case sir? 

@ Sai Prabhu
Un-adjusted business loss will not be allowed to be carried forward as return ITR should have been filed before due date of furnishing Return of income ITR.

Tax audit is must in case sales turnover or Gross receipts is in excess of Rs 1 crore. Otherwise no tax audit report


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details