PLEASE KINDLY SOLVE

This query is : Resolved

Arun Iyer (Querist)
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11 December 2010

Pls. kindly solve the below the income tax sum

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

Unabsorbed depreciation :

A.Y. :
2004-05 2,50,000
2005-06 3,00,000
2006-07 4,00,000
9,50,000

Unabsorbed business loss ;

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

Deepak Gupta

Deepak Gupta (Expert)
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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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