Comment on Tradetax for income tax returns when trading
commented on
30 Nov 2017, 03:01 PM
Hi Nithin,
I have a trading loss of 11L, but I have my consultancy income of 10L for the FY 2017-18.
Can I balance both and declare 1L Loss OR is it mandatory to show trading loss separately and consequently requirement of Audit, I am not interested in carrying forward the loss for future years.
Thanks!