LOSSES AND CARRY FORWARD OF LOSSES
- Date December 17, 2021
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Question 1 of 15
1. Question
Loss is
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Question 2 of 15
2. Question
Under the following head of Income, no loss is allowed to be adjusted.
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Question 3 of 15
3. Question
Under Section of ITO 2001, a person can set off loss for any tax year under any head of income as per prescribed scheme.
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Question 4 of 15
4. Question
Loss from Speculation business can be adjusted under following head.
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Question 5 of 15
5. Question
Where losses under different heads occur, the loss under following head will be adjusted at last. •
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Question 6 of 15
6. Question
The loss which is not allowed to be set off against any head of income is
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Question 7 of 15
7. Question
Speculation loss can only be adjusted under the head of
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Question 8 of 15
8. Question
Capital Loss can only be adjusted under the following head
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Question 9 of 15
9. Question
Capital Loss can be carried forwarded for
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Question 10 of 15
10. Question
In the case of succession of business, except inheritance, a person:
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Question 11 of 15
11. Question
As per Section of the ITO 2001, exemptions provided in other laws shall have no legal effect unless provided in the ITO 20
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Question 12 of 15
12. Question
Exemptions available to income or classes of Income or person or classes of person mentioned in the
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Question 13 of 15
13. Question
Following income are exempt from tax
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Question 14 of 15
14. Question
As per section 41 of the ITO, agriculture means income derived from
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Question 15 of 15
15. Question
The relief under group taxation would not be available to losses prior to:
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