As per section 80, no loss which has not been determined in pursuance of a return filed in accordance with the provisions of section 139(3), is allowed to be set off except:
A. Loss from specified business
B. Loss under the head Capital Gains
C. Loss from House property
D. Loss from speculation business.
Answer:C
As per section 80, no loss which has not been determined in pursuance of a return filed in accordance with the provisions of section 139(3), is allowed to be set off except:
A. Loss from specified business B. Loss under the head Capital Gains C. Loss from House property D. Loss from speculation business.