Comment on Taxation Simplified
commented on
07 Mar 2014, 06:35 AM
Jiny,
Your long term capital gain is exempted, so Zero tax on Rs 4.1lks.
Your F&O loss + Rs 50000 your other income + all your expenses = Net loss of more than Rs 3.5lks. File your return before due dates, and you can carry forward this loss for the next 8 years, you can set it off against any future business income.