Section 75 of the Income Tax Act: Losses of firms
Section 75 of the Income Tax Act: Losses of firms: Where the assessee is a firm, any loss in relation to the assessment year commencing...
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Section 74A: Carry forward and set off of Losses under the head “Income from other sources”
Carry forward of losses: After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses. These unadjusted losses can be...
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Section 74: Carry forward and Set off of Losses under the head “Capital gains”
Carry forward of losses: After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses. These unadjusted losses can be...
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Section 73A: Carry forward and set off of losses by specified business
Carry forward of losses: After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses. These unadjusted losses can be...
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Section 73 of the Income Tax Act: Carry forward and set off Losses of speculation business
After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses. These unadjusted losses can be carried forward to future...
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Carry forward and set off of business losses: Section 72 of the Income Tax Act
Losses from Non-speculative Business (regular business) loss : Can be carry forward up to next 8 assessment years from the assessment year in which the...
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Carry forward of Losses from house property
Carry forward of losses: After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses. These unadjusted losses can be...
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Section 71 of the Income Tax Act: Set off of losses
Set off of losses Set off of losses means adjusting the losses against the profit or income of that particular year. Losses that are not...
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Set off of losses under Income Tax Act
Set off of losses Set off of losses means adjusting the losses against the profit or income of that particular year. Losses that are not...
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How to calculate ‘income from house property’ for income tax purposes
Section 25 of the Income Tax Act 1961 (Amounts not deductible from income from house property): Notwithstanding anything contained in section 24, any interest chargeable...