Question

From the detail of income of Shri Om Prakash Kakkar given below. You are required to compute his
total income for the assessment year 2019-20 after setting off the losses:
gross
66,000
20,000
(1) Taxable income from salary
() Income from house property 'A' (let out)
(a) Loss from house property 'B'
(self occupied)
(iv) Profit from electrical good business
(v) Loss from petha business
(V) Loss from speculation business
(vi) Long term capital loss
(viii) Short term capital gains
(ix) Interest on securities (Gross)
12,000
60,000
12,000
10,000
24,000
15,000
16,000​

Answer 1

Answer:

000055579gs55(5/5359595!8664!'86!"46=5"5

Explanation:

no loss no profit