Ashwin has speculation business loss brought forward of the assessment years 2010-11 ₹1,00,000; 2011-12 ₹70,000 and 2012-13 ₹60,000. He has income from the same speculation business for the assessment year 2016-17 ₹5,40,
CS Executive · Tax Laws and Practice · PYQS · June 2016
Ashwin has speculation business loss brought forward of the assessment years 2010-11 ₹1,00,000; 2011-12 ₹70,000 and 2012-13 ₹60,000. He has income from the same speculation business for the assessment year 2016-17 ₹5,40,000. His total income chargeable to tax for assessment year 2016-17 would be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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