Under Chapter VII of the Income-tax Act, 2025, which of the following losses are allowed to be carried…

All five losses can be carried forward under Chapter VII of the Income-tax Act, 2025 (formerly ss.71B, 72, 73, 74 and 74A of the Income-tax Act, 1961): (a) house property loss under section 110, for up to eight tax years, against income from house property only; (b) business loss under section 112, for up to eight tax years, against profits of any business or profession; (c) speculation loss under section 113, for up to four tax years, against profits of a speculation business only; (d) capital loss under section 111, for up to eight tax years, against capital gains (a long-term capital loss only against long-term capital gains); and (e) loss from owning and maintaining race horses under section 115, for up to four tax years, against income from that activity only. Hence a, b, c, d, e; every other option omits at least one of these losses.