a. Define and Compute Gross Total income b. 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.
a. Define and Compute Gross Total income b. 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.
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 30CE
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Question
Miss Seema, is a resident individual, shares following information in relation to previous year
Particulars
Salary Income (Net)
Business Income(Net)
Long term
Loss from Gambling in a game
Amount in Rs 200000 350000 16000
30000
There are certain other types of losses- Unabsorbed
Short term capital Loss
15000 10500
a. Define and Compute Gross Total income
b. 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.
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