The Gross total income of Mr. X for the Assessment Year 2021 -22 and the amount of loss, that can be carried forward is:
A. Gross total income ₹ 71,000 and carry forward ₹ 37,000
B. Gross total income ₹ 70,000 and carry forward ₹ 22,000
C. Gross total income ₹ 71,000 and carry forward ₹ 15,000
D. Gross total income ₹ 70,000 and carry forward ₹ nil
Answer:A
The Gross total income of Mr. X for the Assessment Year 2021 -22 and the amount of loss, that can be carried forward is:
A. Gross total income ₹ 71,000 and carry forward ₹ 37,000 B. Gross total income ₹ 70,000 and carry forward ₹ 22,000 C. Gross total income ₹ 71,000 and carry forward ₹ 15,000 D. Gross total income ₹ 70,000 and carry forward ₹ nil