The losses from specified business can be carried forward and can be set-off against profits of:

Name: The losses from specified business can be carried forward and can be set-off against profits of:
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Losses from specified businesses can only be carried forward and set off against profits from specified businesses, as per the income tax laws in many jurisdictions. This ensures that losses are matched with similar types of income.

The Losses from Specified Business Can Be Carried Forward and Can