Anand, a resident individual having computed for the previous year 1st April 2020 to 31st March 2021 his business loss at ₹ 60,000, short term capital gain on sale of gold of ₹ 40,000 long term capital gain on sale of house property of ₹ 3,60,000.
The amount of total income to be declared in the return for the assessment year 2021-22 by Anand shall be
Question:Anand, a resident individual having computed for the previous year 1st April 2020 to 31st March 2021 his business loss at ₹ 60,000, short term capital gain on sale of gold of ₹ 40,000 long term capital gain on sale of house property of ₹ 3,60,000.
The amount of total income to be declared in the return for the assessment year 2021-22 by Anand shall be
1.₹ 4,00,000
2.₹ 3,40,000
3.₹ 4,00,000 and carry forward loss of ₹ 60,000
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