Question ID :
41143
Set off
as per IT rules, in the same assessment Business loss can be set off against any income except salary.
in AY2020-21 we filled IT return where business loss set off against other sources income.
lateron, intimation received they have disallowed this set off and raised demand.
please advice whats to do? no option availble on portal to make rectification application for the same.
Posted by
RAHUL jain
on
Sep 11, 2021
Filed Under
DIRECT TAXES
Answer ID :
85442
go with compliance of demand
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Jun 10, 2024