Section 80 requires mandatory filing of Return of loss under section 139(3) on or before the due date for carry forward of following losses except:

CS Executive · Tax Laws · PYQS · December 2024
Section 80 requires mandatory filing of Return of loss under section 139(3) on or before the due date for carry forward of following losses except:
(A) Profit and gains from business and profession
(B) Loss from maintenance of race horses
(C) Loss from Income from House Property
(D) Loss under the head Capital Gains

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act

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