Seema is a resident individual, shares following information in relation to previous year Define and Compute Gross Total income Discuss the concept of carry forward of losses with reference to above context also, discuss the amount of Loss that can be carried forward in the said case. In case it’s any number 15000/10500/Nil give reason for the same Particulars Amount in Rs Salary Income (Net) 200000 Business Income(Net) 350000 Long term capital gain on sale of land 16000 Loss from Gambling in a game 30000 There are certain other types of losses- Unabsorbed Depreciation Short term capital Loss 15000 10500
Seema is a resident individual, shares following information in relation to previous year Define and Compute Gross Total income Discuss the concept of carry forward of losses with reference to above context also, discuss the amount of Loss that can be carried forward in the said case. In case it’s any number 15000/10500/Nil give reason for the same Particulars Amount in Rs Salary Income (Net) 200000 Business Income(Net) 350000 Long term capital gain on sale of land 16000 Loss from Gambling in a game 30000 There are certain other types of losses- Unabsorbed Depreciation Short term capital Loss 15000 10500
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 30CE
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Seema is a resident individual, shares following information in relation to previous year
Define and Compute Gross Total income
Discuss the concept of carry forward of losses with reference to above context also, discuss the amount of Loss that can be carried forward in the said case. In case it’s any number 15000/10500/Nil give reason for the same
Particulars |
Amount in Rs |
Salary Income (Net) |
200000 |
Business Income(Net) |
350000 |
Long term |
16000 |
Loss from Gambling in a game |
30000 |
There are certain other types of losses- Unabsorbed Short term capital Loss |
15000 10500 |
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT