Income Tax Law & Practice-II (Set off and carry forward of loss)

Carry forward and set off of capital losses comes under section

• A) 74(1) & (2)

• B) 73(1) & (2)

• C) 71(1) & (2)

• D) None of the Above

The share of loss from a from cannot be set off by a partner against his…..income

• A) Gross

• B) Total

• C) Individual

• D) None of the above

Loss from house property can be set off only up to ….. From any head on income

• A) 2,50,000

• B) 2,00,000

• C) 3,00,000

• D) None of the Above

Loss from specified business can be set off

• A) Income other than salary

• B) Any head of income

• C) Profits of any other specified business only

• D) None of the above

Compulsory filing of loss return has been defined u/s

• A) 80

• B) 70

• C) 60

• D) None of the above