The following are the particulars of income of four investment funds for P.Y. 2025-26: Particulars A B C D in lakh Business Income 2 (2) 5 Capital…

3. (a) Computation of total income of the investment fund for A.Y. 2026-27 Particulars A B C D ₹ Business Income Nil 2,00,000 Nil 3,00,000 Total Income Nil 2,00,000 Nil 3,00,000 Computation of total income of a unit holder of the following Investment funds for A.Y. 2026-27 Particulars A B C D Capital Gains 80,000 70,000 1,00,000 Income from other sources 20,000 20,000 30,000 Total Income 1,00,000 90,000 30,000 1,00,000 Notes: (i) In case of Investment Fund D, the loss from other sources ₹ 2 lakh is set-off against business income of ₹ 5 lakh. (ii) In case of Investment Fund C, the business loss of ₹ 2 lakh is set-off against income from other sources of ₹ 8 lakh. Loss of ₹ 6 lakh under the head "Capital gains" cannot be set-off against income under any other head. The same can be carried forward by the Unitholder for set-off in the subsequent years since, the units are held for a period of 12 months or more. For A.Y. 2027-28, brought forward capital loss of ₹ 30,000 [₹ 6 lakh/20] can be set-off against capital gains of ₹ 45,000 [₹ 9 lakh/20] by the unit-holder since, the period of holding of units is 24 months or more. Business income of ₹ 2 lakh would be taxable in the hands of the Investment Fund. Income from other sources of ₹ 40,000 [₹ 8 lakh/20] would be taxable in the hands of the unitholders.