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| Q.111 | As per the provisions of the Income Tax Act, 1961, filing of return of loss in case of a person other than a company or a firm is: | |
| Ans | A. mandatory if the assessee has to carry forward the losses which are allowed to be carried forward and set off | |
| B. mandatory | ||
| C. not mandatory for carry forward of losses | ||
| D. mandatory only if the amount to be carried forward is more than ₹1 lakh |
Correct Ans Provided: A
