Mr. Siddharth is employed in a company. His income under various heads are (i) salary ₹ 5,60,000; (ii) loss from let out property ₹ 65,000; (iii) loss from business ₹ 1,10,000 and (iv) loss under the head other sources ₹
CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Siddharth is employed in a company. His income under various heads are (i) salary ₹ 5,60,000; (ii) loss from let out property ₹ 65,000; (iii) loss from business ₹ 1,10,000 and (iv) loss under the head other sources ₹ 30,000. His total income after set off of losses would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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