n NISM Certifications
X NISM Series X
Medium

Losses from speculative business can be carried forward for a maximum of four years, to be set off against future speculative income within that period.

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

Options

  1. A

    For 2 years

  2. B

    For 3 years

  3. For 4 years

    Correct answer

  4. D

    For 7 years

Why this is the answer

Speculative business losses are permissible to carry forward for four years, allowing future offset against speculative income within this time frame.

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