This is for a Pvt Ltd Company. Tell me how Income Tax is computed for each of the following situations. I have changed the actual numbers to maintain confidentiality.
Case A
Net Profit from Main Line of Business = 10,000
Short Term Capital Gain from Equity Mutual Funds = (20,000)
Short Term Capital Gain from Debt Mutual Funds = 30,000
Case B
Net Profit from Main Line of Business = 15,000
Short Term Capital Gain from Equity Mutual Funds = 50,000
Short Term Capital Gain from Debt Mutual Funds = (2,000)
Case C
Net Profit from Main Line of Business = (25,000)
Short Term Capital Gain from Equity Mutual Funds = 40,000
Short Term Capital Gain from Debt Mutual Funds = 20,000
Case D
Net Profit from Main Line of Business = (10,000)
Short Term Capital Gain from Equity Mutual Funds = (20,000)
Short Term Capital Gain from Debt Mutual Funds = (30,000)
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