Compute the total income for the A.Y. 2009-10 : Rs. Income from Business A (Non-speculation) 15,00,000 Income from Business B (Speculation) 8,00,000 Loss from Business C (Non-speculation) 18,00,000 Loss from Business D (Speculation) 2,00,000
Business B : A.Y. : 2003-04 50,000 2004-05 1,00,000
Long term Capital Gain 3,00,000 Short term Capital Gain 2,00,000 Short term Capital Loss 3,00,000 Loss from owning & maintaining race loses Rs. 70,000 Income from Salary Rs. 4,00,000 Loss from self-occupid property Rs. 1,50,000
12 December 2010
Salary Income 400000.00 Loss for HP -150000.00 PGBP Speculative 600000.00 PGBP Non Speculative 0.00 Long Term Capital Gain 300000.00 Short Term Capital Gain 0.00
Total Income 1150000.00
Unabsorbed Depreciation of previous years shall be carried forward. Unabsorbed business loss of previous years shall be carried forward. Unabsorbed Business Loss of current financial year Rs.300000.00 shall be carried forward. STCG Loss of Rs.100000.00 shall be carried forward. Loss from Race Horses Rs.70000.00 shall be carried forward.
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