Question

Under the Income Tax provisions, which of the following losses CAN STILL be carried forward to subsequent tax years even if the taxpayer fails to file the Return of Income (RO

  • I on or before the prescribed due date?
A Business Loss (Non-speculative)
B Loss under the head "Capital Gains" (STCL & LTCL)
C Loss from House Property
D Loss from the business of owning and maintaining racehorses
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