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Commerce · Q250

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 250

Q250

Which of the losses cannot be carried forward, if the return of loss is not submitted in time?

A.
Capital loss
B.
Business loss (speculative or otherwise)
C.
Loss from the activity of owing and maintaining race horses
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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