05-20-2004, 04:38 PM
it means that any loss/expense that is not adjustable/allowable as a deduction from taxable income technically becomes the income of that person. for eg. loss from income under PTR is not adjustable so technically it becomes your income... thats my understanding
for any further queries you may contact mr.khalid petiwala at [email protected]
Edited by - net_mania on May 20 2004 80431 PM
for any further queries you may contact mr.khalid petiwala at [email protected]
Edited by - net_mania on May 20 2004 80431 PM
