Compute tax liability

 

From the following information compute the total income of Mr. X for the assesmement year 11-12 and calculate his tax liability assuming he is not allowed any deduction under sections 80c to 80u.

Income from salary    - 180000

Income from H.P   -      40,000

Business Loss  -          (-)1,90,000

Loss from a specified business referred to under section 35AD – (-)60,000

Short term capital loss (-)60,000

Long term capital gain 2,40,000

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