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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
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Urgent ITR 3 query business loss
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
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
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