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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