Mathur Storage (P) Ltd., engaged in chain cold storage, has brought forward business loss of ₹ 12 lakhs relating to assessment year 2020-21. During the previous Year 2020-21, its income from the said business is ₹ 9 lakhs. It also has profit from trade in food grains of ₹ 6 lakhs. The total income of the company for the assessment year 2021-22 is:
A. 115 lakhs
B. ₹ 6 lakhs
C. X 9 lakhs
D. ₹ 3 lakhs
Answer:B
Mathur Storage (P) Ltd., engaged in chain cold storage, has brought forward business loss of ₹ 12 lakhs relating to assessment year 2020-21. During the previous Year 2020-21, its income from the said business is ₹ 9 lakhs. It also has profit from trade in food grains of ₹ 6 lakhs. The total income of the company for the assessment year 2021-22 is:
A. 115 lakhs B. ₹ 6 lakhs C. X 9 lakhs D. ₹ 3 lakhs