Loss from business can be carried for ...................... years.

Name: Loss from business can be carried for ...................... years.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The correct answer is 8 years. In many jurisdictions, losses from a business can be carried forward to offset taxable income in future years, with a common period being up to 8 years. This allows businesses to smooth out their taxable income over time, providing some relief in years when they are profitable after having incurred losses in previous years.

Loss from Business Can Be Carried for