n NISM Certifications
X NISM Series X
Medium

For how many years can losses from non-speculative business be carried forward under Indian tax laws?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    4 years

  2. B

    5 years

  3. 8 years

    Correct answer

  4. D

    10 years

Why this is the answer

Non-speculative business losses can be carried forward and set off against future profits for up to 8 assessment years.

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