If an individual, having a sales turnover of ₹ 60 lakh files his return of income for the AY 2021-22 after the due date showing unabsorbed business loss of ₹ 23,000 and unabsorbed depreciation of ₹ 45,000, he can carry forward to the subsequent assessment years
A. Both unabsorbed business loss of ₹ 23,000 and unabsorbed depreciation of ₹ 45,000
B. Only unabsorbed business loss of ₹ 23,000
C. Only unabsorbed depreciation of ₹ 45,000
D. Neither unabsorbed business loss of ₹ 23,000 nor unabsorbed depreciation of ₹ 45,000.
Answer:C
If an individual, having a sales turnover of ₹ 60 lakh files his return of income for the AY 2021-22 after the due date showing unabsorbed business loss of ₹ 23,000 and unabsorbed depreciation of ₹ 45,000, he can carry forward to the subsequent assessment years
A. Both unabsorbed business loss of ₹ 23,000 and unabsorbed depreciation of ₹ 45,000 B. Only unabsorbed business loss of ₹ 23,000 C. Only unabsorbed depreciation of ₹ 45,000 D. Neither unabsorbed business loss of ₹ 23,000 nor unabsorbed depreciation of ₹ 45,000.