Economics · Income Tax
Which of the following losses are allowed to be carried forward and set off in subsequent assessment years under the Income Tax Act? (A) House property loss (B) Business loss (C) Speculation loss (D) Capital loss (E) Loss on account of owning and maintaining race horses Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B), (C), (D), (E)✓
- 2(A), (E) Only
- 3(B), (C), (D), (E) Only
- 4(A), (B), (C), (D) Only
Correct answer
(A), (B), (C), (D), (E)
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