During the A.Y. 2023-24, Mr. K has a loss of ₹ 6 lakhs under the head "Income from house property", loss of ₹ 5 lakhs from business of profession and income of ₹ 3 lakhs from long term capital gains. He filed his return
CS Executive · Tax Laws · PYQS · December 2024
During the A.Y. 2023-24, Mr. K has a loss of ₹ 6 lakhs under the head "Income from house property", loss of ₹ 5 lakhs from business of profession and income of ₹ 3 lakhs from long term capital gains. He filed his return of income for the A.Y. 2023-24 on 31.12.2023. Determine the total income of Mr. K for A.Y. 2023-24 and the amount of loss which can be carried forward in a manner most beneficial to him ?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act
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