2. In the following case, total income will be: Loss from agricultural operations - ₹ 2,00,000; Income from trading business - ₹ 3,00,000
3. In the following case, income of card games will be: Loss From Card Games on Diwali Night – ₹ 50,000; Card Games on New Year Night – ₹ 80,000
4. Mr Ravi incurred loss of ₹ 4 lakhs in PY 2025-26 in retail trade business. Against which of the following incomes earned during the same year, can he set-off such loss?
6. Mr Rajan incurred loss of ₹ 5.3 lakh in the PY 25-26 in toy business. Against which of the following incomes earned during the same year, can he set-off such loss?
7. In respect of loss from house property, which of the following statements are correct?
8. Virat runs a business of manufacturing of shoes since PY 2023-24. During PY 2023-24 and PY 2024-25, Virat had incurred business losses. For PY 2025-26, he earned business profit (computed) of ₹ 3 lakhs. Considering he may/may not have sufficient business income to set off his earlier losses, which of the following order of set off shall be considered: (He does not have income from any other source)