Hi,
I am currently making income through shares in my shares portfolio.
I made 120K through shares. That is only income , I have.
Dividend was 50$
I have 2 investment property where I incurred Rental Loss of 25000.
What would be my Taxable assessable income and what is the tax I would incur.
Income = Capital Gains ( Short term ) : Shares - 120K
Dividend : 50$
Revenue Loss on Investment Property : 25000.
Taxable Assessable Income ??.
Tax Slab Applicable ?
Total Tax to Pay.