SET OFF EXCERSICE PROBLEMS
SET OFF EXCERSICE PROBLEMS Ex:1 Following are the particulars of income of Mr. for the previous year ended 31 st March, 2025. 1. Dividend 20,000 2. Loss from House property 32,000 3. Interest from bank deposits 10,000 4. Business Income 50,000 5. Loss in speculative business 3,000 6. Short term capital loss 10,000 7. Long term capital loss 15,000 Compute the gross total income of Mr.R after setting off the different losses against other income. Solution Step 1 :Intra head or Inter –Source Adjustment 1. Dividend 20,000 2. Loss from House property- to be set off 32,...