important

1. Income from salary 166000

3. PGBP
cloth 30000
Less hardware(30000)
Net :nil

2.income from HP
House A 60000
Less house B (20000)
Less loss from hardware business (30000)
Net 10000

3.IFOS
Lottery 25000
Int on security 10000
Net : 35000

GTI = 211000
Less:40000 (sec 17)
NTI =171000

Statement of C/F of losses
1. Loss of speculation business 10000
( it can C/F upto 4 years and can setoff against only income from speculation business )
2.loss from horse races
(C/F upto 4 years and can setoff against only income from horse race)

ASSUMPTION :
1.assumed that p.y. 18-19 and A.y. 19-20
2.HP income consider after deducting std.ded. 30% as per sec 24a