TOTAL INCOME
This query is : Resolved
27 March 2011
CAN U TELL ME THE TOTAL INCOME FROM THE FOLLOWING DETAILS:
INCOME FROM SALARY 1,00,000
BUSINESS PROFESSION(BEFORE DEP) 16,000
DEPRECIATION 1,34,000
INCOME FROM OTHER SOURCES 10,000
INCOME FROM SALARY 1,00,000
BUSINESS PROFESSION(BEFORE DEP) 16,000
DEPRECIATION 1,34,000
INCOME FROM OTHER SOURCES 10,000
28 March 2011
In my view it will be Rs 100000 and you can carry forward dep of Rs 108000. Dep can not be set off aginst salary income
20 April 2011
Total Taxable Income will be Rs. 110000/-. Unabsorbed depreciation to be carried forward will be Rs. 118000/-
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