Carried forward losses of normal business can be set off against any other income in subsequent assessment year except ______.
CS Executive · Tax Laws and Practice · PYQS · December 2020
Carried forward losses of normal business can be set off against any other income in subsequent assessment year except ______.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (C), (D). Official source note: Options B, C & D are correct. Carried forward of normal business loss can be set-off against any PGBP Income.
Topics: Set-off and Carry Forward of Losses
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