If an individual, having a sales turnover of ₹60 lakh files his return of income for the assessment year 2015-16 after the due date, showing unabsorbed business loss of ₹23,000 and unabsorbed depreciation of ₹45,000, he
CS Executive · Tax Laws and Practice · PYQS · June 2015
If an individual, having a sales turnover of ₹60 lakh files his return of income for the assessment year 2015-16 after the due date, showing unabsorbed business loss of ₹23,000 and unabsorbed depreciation of ₹45,000, he can carry forward to the subsequent assessment years
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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