Mr. Hussey for the previous year has (i) business loss of ₹ 1,30,000; (ii) income from salary ₹ 2,40,000; and (iii) speculation gain of ₹ 1,10,000. His total income for income tax assessment is:
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Hussey for the previous year has (i) business loss of ₹ 1,30,000; (ii) income from salary ₹ 2,40,000; and (iii) speculation gain of ₹ 1,10,000. His total income for income tax assessment is:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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