Aggregation of income under a head of income.

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..... ncome from that head for the financial year. (2) The income from the transfer of each investment asset during the financial year, as computed under section 49, shall be aggregated and the net result of such aggregation shall be the income from the capital gains, for the financial year. (3) The income from capital gains shall be aggregated with the unabsorbed preceding year capital loss, if any, an .....

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..... with unabsorbed preceding year speculative loss, if any, and the net result of such aggregation shall be the income from the speculative business. (8) The aggregate of from the speculative business shall be treated as nil, if the ''nil'' result of aggregation in sub-section (7) is negative and the absolute value of the net result of aggregation shall be the amount of unabsorbed current speculativ .....

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..... for the purpose of horse race, shall be aggregated with income from the activity of owning and maintaining horse race and the income so aggregated shall be the income under the head " income from residuary sources". - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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