Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

55. The details of income/loss of Mr. Kumar for A.Y. 2021-22 are as follows: Particulars Income from Salary (Computed) Loss from self-occupied house property Amt.

image text in transcribed

55. The details of income/loss of Mr. Kumar for A.Y. 2021-22 are as follows: Particulars Income from Salary (Computed) Loss from self-occupied house property Amt. (in) 5,20,000 95,000 Loss from let-out house property 2,25,000 Loss from specified business u/s 35AD 2,80,000 Loss from medical business 1,20,000 Long term capital gain 1,60,000 Income from other sources 80,000 What shall be the gross total income of Mr. Kumar for A.Y. 2021-22

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds

9th Edition

1260565483, 9781260565485

More Books

Students also viewed these Accounting questions