Test your knowledge on set off and carry forward of losses

CA Prakash (Chartered Accountant) (475 Points)

07 September 2014  

Income includes ‘loss’ and all loss can’t be adjusted against income. The Income-Tax Act, 1961, allows set-off and carry-forward of the loss incurred by any assessee subject to some restrictions.

 

Here is a quiz to test your knowledge on set off and carry forward losses.

 

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