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Options
- A
Mayur will be able to set off and carry forward the loss under ‘Capital Gains and Losses’
- B
Mayur will be able to set off and carry forward the loss under ‘Business Income and Loss’
- C
Mayur will be able to set off and carry forward the loss under ‘Other Sources’
-
This loss will not have any tax treatment and will not be considered for taxable income
Correct answer
Why this is the answer
Forfeiture of consideration on unexercised warrants results in a loss that has no tax implications and cannot be offset against income.
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