Which of the following losses available after inter source set-off, cannot be set-off from incomes in other heads in the same assessment year —

CS Executive · Tax Laws and Practice · PYQS · June 2016
Which of the following losses available after inter source set-off, cannot be set-off from incomes in other heads in the same assessment year —
(A) Speculation losses
(B) Loss from specified business
(C) Loss under the head capital gains
(D) All of the above.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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