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Question 49:Mr.W has the followingincome/losses: Loss from Business-(8,00,000) & Long term capital gain-12,00,000: Mr. W's taxable income willbeRs. 1,00,000Rs.2,00,000Rs.5,00,000Rs.4,00,000​

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Answer:

Answer is 12 lakhs because BUSINESS Loss cannot be set off against long term CAPITAL GAINS



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