While calculating Total income for the year, losses are also considered and adjusted against the income received during the year. Losses are nothing but the negative income.
In this book, we will discuss the concept of capital losses, understand the adjustment of current year losses and Adjustment of Brought Forward Losses. All the numbers & rules are based on 2018-19 and 2019-20 Financial Year taxation.
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Here is the Table of Content -
Disclaimer - The information provided in this book is basically to help educate and guide on the subject matters discussed. All recommendations and examples are purely on the assumption basis. The author disclaims any liability in connection with the use of this information. Readers are suggested to consult their Tax/Financial Advisors before taking any Tax decision.