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Income tax query

Income Tax - Started By: - Sebastian cs - Dated:- 14-11-2017 Last Replied Date:- 15-11-2017 - Sir, if i invest say 1 lakh a month from a salary of say 2 lakh from april 2017 to jan 2018 i.e in a period of 10 months i have invested 10 lakhs from my in .....

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y Hari Beldona - The Reply = As there is no transfer of capital asset i.e investment of. RS 10 lakhs hence there is no capital gain/loss and such loosing of value cannot be setoff as per section. 72. You have to pay tax on entire 24 lakhs under salar .....

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