Ashwin has speculation business loss brought forward of the assessment years 2015-16 ₹ 1,00,000; 2016-2017 ₹ 70,000 and 2017-2018 ₹ 60,000. He has income from the same speculation business for the assessment year 2021-22 t 5,40,000. His total income chargeable to tax for assessment year 2021-22 would be –
A. ₹ 3,10,000
B. ₹ 4,10,000
C. ₹ 4,80,000
D. ₹4,40,000
Answer:C
Ashwin has speculation business loss brought forward of the assessment years 2015-16 ₹ 1,00,000; 2016-2017 ₹ 70,000 and 2017-2018 ₹ 60,000. He has income from the same speculation business for the assessment year 2021-22 t 5,40,000. His total income chargeable to tax for assessment year 2021-22 would be –
A. ₹ 3,10,000 B. ₹ 4,10,000 C. ₹ 4,80,000 D. ₹4,40,000