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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Great Quiz...
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Awsome Quiz.... my score is 5/6.
waiting for more boost up
| Originally posted by : Sakthi Baskaran | ||
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Dear Sir, I'm happy that I scored 6 out of 6....a very good quiz.awaiting for more... |
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Yes waiting for more such quizes....thanks a lot for sharing.....
Well done keep it up
CAclubindia
