Seema is a resident individual, shares following information in relation to previous year Define and Compute Gross Total income Discuss the concept of carry forward of losses with reference to above context also, discuss the amount of Loss that can be carried forward in the said case. In case it’s any number 15000/10500/Nil give reason for the same  Particulars Amount in Rs Salary Income (Net) 200000 Business Income(Net) 350000 Long term capital gain on sale of land 16000 Loss from Gambling in a game 30000 There are certain other types of losses- Unabsorbed Depreciation Short term capital Loss 15000 10500

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.