Income from share market

Pravin Athawale (HOD Logistics(Import Export Commercial))   (24 Points)

23 January 2022  

Hello,have a question releated to Income.

1.In one financial year,if I loose 50 lac in share market.This 50 lac I invested from my savings.

2.Next financial year I got profit 50 lac from share market.

Can I pay income tax for 50 lac earning ?

If yes,tell me about my loss occurred?

Can I adjust income tax against my loss ?