CVR & Co. has speculation business loss of ₹12,40,000 for the assessment year 2023-24. For how many assessment years such loss from speculation business is eligible for carry forward?
CS Executive · Tax Laws · PYQS · June 2023
CVR & Co. has speculation business loss of ₹12,40,000 for the assessment year 2023-24. For how many assessment years such loss from speculation business is eligible for carry forward?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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