Setting of Carry Forward of Losses – Intra Head and Inter Head Adjustments

by

Back to Question Paper
<<

Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations

SOL Solved Assignment

Code : ITA
Course Title : INCOME TAX AND AUDITING

ITA: Income Tax & Auditing Solved Assignment for 2020

Question 1. (a)Mr Deepanshu, a 35 years old Indian citizen and resident in India in the previous year. He is conducting three different business activities (speculative and non-speculative). He also has income and losses from House property, capital gains and other sources. He is confused in setting-off and carry forward of losses from different sources among different heads on intra head and inter head basis. Help and guide him.

ANSWER:


Click Here to Buy