CS Executive Practice Test: Aggregation of Income and Set-off or Carry Forward of Losses — Flashcards | CS Executive | FatSkills

CS Executive Practice Test: Aggregation of Income and Set-off or Carry Forward of Losses — Flashcards

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If an individual, having a sales turnover of ₹ 60 lakhs files his return of income for the AY 2021 -22 after the due date, showing unabsorbed business loss of ₹ 23,000 and unabsorbed depreciation of ₹ 45,000, he can carry forward to the subsequent assessment years
Only unabsorbed depreciation of ₹ 45,000
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