AID18696: Ms. Neha submits following details for her income for the assessment year 2020-21

 300

Category:

AID18696: Ms. Neha submits following details for her income for the assessment year 2020-21. Compute the gross total income after considering the relevant provisions of set off and carry forward of losses

 

ParticularsAmount
Speculation income85000
Winning in cross word puzzles78000
Profit from printing business of school textbooks435000
Short term capital gain4500
Income from house property240000
Long term capital gain20000
Long term capital losses-5000
Loss from house property under construction-150000
The items brought forward for set off 
Loss from discontinued business operation, loss belongs to the A.Y 2017-1810000
Long term capital loss for the AY 2008-091000
Speculation loss for the AY 2016-1750000
Loss in retail business of groceries AY 2019-2045000

a) Calculate income under the head of House Property, income from other sources and capital gain.

b) Calculate income from Business and Profession