to carry forward the loss or set off during the year you have to file the return u/s 139(1).
On Mon, Nov 11, 2013 at 12:35 PM, keatan jain <ketan_jain9@yahoo.co.in> wrote:
Dear Sir,Asessee is having loss in F.Y. 2010-2011 in commodity trade transactions of Rs.276000/-Whether it is mandatory for us to file income tax return?Asseess has withdrown 450000 from his account and after deducting the same,the account statement is showing Rs.276000 as debit balance (loss).So plz kindly guide me on the same
Regards,
Ketan Jain
8080772174
--Dear Sir,Thanks and regards,Jatin Kapoor
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