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Commerce · Q487

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 487

Q487

Losses can be set-off and carry forward only if

A.
return of loss is filed under Section 139(1)
Answer
B.
a person has informed to income tax department on phone
C.
a person has huge loss
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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