medium10 pts · first answer countsincome-taxset-off

Carrying forward a business loss

Under the Income-tax Act, what are the main conditions for carrying forward a normal (non-speculative) business loss?

A.It can be carried forward forever without conditionsB.It cannot be carried forward at allC.It can be carried forward for up to 8 assessment years and set off against business income, if the loss return was filed on timeD.It can be carried forward only for 1 year

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Carrying forward a business loss

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