To carry forward and set off losses, a loss return must be filed by the assessee within the stipulated time and get the loss determined by the Assessing Officer. However, this condition is not applicable to –
A. Loss from house property
B. Loss from speculation
C. Loss from discontinued business
D. Loss from capital assets
Answer:A
To carry forward and set off losses, a loss return must be filed by the assessee within the stipulated time and get the loss determined by the Assessing Officer. However, this condition is not applicable to –
A. Loss from house property B. Loss from speculation C. Loss from discontinued business D. Loss from capital assets