If new tax regime is adopted, which of the following losses will not be carried forward in the hand of an individual :

CS Executive · Tax Laws and Practice · PYQS · December 2021
If new tax regime is adopted, which of the following losses will not be carried forward in the hand of an individual :
(A) Loss from activity of owning and maintaining race horses
(B) Loss in speculation business
(C) Loss on transfer of capital assets
(D) Loss under the head House property

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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