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53. Mr. Ravi incurred loss of * 4 lakh in the P.Y.2020-21 in leather business. Against which of the following incomes earned during the same
53. Mr. Ravi incurred loss of * 4 lakh in the P.Y.2020-21 in leather business. Against which of the following incomes earned during the same year, can he set-off such loss? (i) Profit of * 1 lakh from apparel business (ii) Long-term capital gains of * 2 lakhs on sale of jewellery (iii) Salary income of 1 lakh Choose the correct answer: (a) (b) (c) First from (ii) and thereafter from (i); the remaining loss has to be carried forward. First from (i) and thereafter from (ii) and (iii) First from (i) and thereafter from (iii); the remaining loss has to be carried forward First from (i) and thereafter from (ii); the remaining loss has to be carried forward (d)
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