Malani furnishes the following details for the year ended 31 st March, 2014 : Short-term capital gain on sale of equity shares listed in recognized stock exchange (STT paid) ₹1,40,000 Loss from speculative business ₹60,0

Malani furnishes the following details for the year ended 31 st March, 2014 : Short-term capital gain on sale of equity shares listed in recognized stock exchange (STT paid) ₹1,40,000 Loss from speculative business ₹60,000 Long-term capital gain on sale of land ₹30,000 Long-term capital loss on sale of shares (securities transaction tax not paid) ₹1,00,000 Income from business of textile (after allowing current year depreciation) ₹50,000 Income from activity of owning and maintaining race horses ₹15,000 Income from salary ₹1,00,000 Loss from house property ₹40,000 Following are the carry forward losses: (i) Losses from activity of owning and maintaining race horses pertaining to assessment year 2012-13, ₹25,000. (ii) Carry forward loss from business of textile ₹60,000 loss pertains to assessment year 2006-07. Compute gross total income of Malani for the assessment year 2014-15. Also state the losses eligible for carry forward for the assessment year 2015-16.