Which of the following loss can't be carry forward if assessed has not filed his return of income within time under section 139(1) of the Income-tax Act? Options: A . &nbspLosses under Head Capital gain B . &nbspLosses of owning & maintaining race horses C . &nbspLosses under Head Business/Profession D . &nbspAll of the above

Which of the following loss can't be carry forward if assessed has not filed his

Discussion Forum : Income Tax Act

Question - Which of the following loss can't be carry forward if assessed has not filed his return of income within time under section 139(1) of the Income-tax Act?

Options:

A . Losses under Head Capital gain

B . Losses of owning & maintaining race horses

C . Losses under Head Business/Profession

D . All of the above

Answer: Option A

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Discussion Forum : Income Tax Act

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