Can a Income Tax return be filed after the due date? Return of income which has not been furnished on or before the due date specified under section 139(1) of Income Tax Act is called belated return. Belated return of income is furnished under section 139(4) of Income Tax Act. Any person who has not […]
What are the provisions framed under the Income tax law/Act in relation to carry forward and set off of business loss other than loss from speculative business? Set off of business loss– The set off of loss from house property against income from any other source is restricted to 2 lakh rupees per annum. [w.e.f. […]
