Earning from tution and loss in commoditity
Querist : Anonymous
In last FY I earned 7 lakh from tution and lost 2 lakh in commodity and share market.
my question is that: this loss will be setoff from 7lakh or not. (I have to pay tax on income as 7 lakh or 5 lakh(7-2).
However, you can carry forward the loss from commodity and share market for next 4 assessment years.
Querist : Anonymous
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