Taxation - Income TaxMCQQuestion 6071 of 146
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6. Which statement is correct in respect of losses to be carried forward in next assessment years?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Loss from trading of equity shares of ₹ 50,000 and loss from betting on horse races of ₹ 25,000 for 8 years

All Options:

  • ALoss from trading of equity shares of ₹ 50,000 and loss from betting on horse races of ₹ 25,000 for 8 years ✓
  • BLoss from trading of equity shares of ₹ 50,000 and loss from trading of commodity derivatives of ₹ 75,000 for 4 years
  • CLoss from trading of equity shares of ₹ 50,000 for 4 years and loss from betting on horse races of ₹ 25,000 for 8 years
  • DLoss from trading of equity shares of ₹ 50,000 for 4 years (2 Marks)

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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