Which of the following is not eligible for carry forward and set off ?

CS Executive · Tax Laws · PYQS · June 2021
Which of the following is not eligible for carry forward and set off ?
(A) Loss from activity of owning and maintaining race horses
(B) Loss under the head 'other sources'
(C) Loss under the head 'house property'
(D) Loss from transfer of short-term capital assets

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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