Losses Chapter- 14
CA CAF- 6 PAST PAPERS THEORECTICAL QUESTIONS
Q. NO. 5(b) Spring 2015 State the rules relating to set-off and carry-forward of losses of AOP and its
members.
Q. NO. 6(b) Spring 2014 Explain the term ‘Foreign losses’. State the provisions relating to set off and carry
forward of foreign losses, under the Income Tax Ordinance, 2001.
Q. 3 (b) Autumn 2011 Under the Income tax Ordinance, 2001 the loss surrendered by a subsidiary
company may be claimed by the holding company for set off against its business income in that tax year
and following two tax years, subject to certain conditions.
Required: List the conditions which are necessary for claiming the subsidiary’s losses.
Q.NO. 6(b) Spring 2009 Discuss the provisions of the Income tax Ordinance, 2001 regarding set off and
carry forward of losses under the heads “Income from Business” and “Capital Gains”.
Q.NO. 1(b) Spring 2007 Explain the principles of taxation and filing of return relating to members of
association of person where the association is:
- a professional firm
- other than a professional firm.
Also discuss the rules relating to set off and carry forward of association’s losses.
Q.NO. 6 Spring 2005 The time limit for claiming group relief by a holding company in respect of loss
surrendered by a subsidiary company.
Briefly discuss the time limit for claiming group relief by a holding company in respect of loss surrendered
by a subsidiary company? What conditions need to be fulfilled in this regard?
Q.NO. 8 Autumn 2004 Describe the provisions relating to set-off and carry forward of foreign losses under
the Income tax Ordinance, 2001?
Q.NO. 3(b) Autumn 2003 Briefly explain the law relating to set-off and carry forward of losses?
Q.6 Autumn 2002 Please write a brief note about the adjustment of loss incurred under any head of
income in the current year.
Q. NO. 6 May 1997 write short notes on set off and carry forward of business losses.