The Income Tax Act, 1961, provides various provisions related to the carry forward and set-off of business losses. Section 78 of the Income Tax Act specifically deals with the carry…
When it comes to tax planning, especially for businesses involved in specified activities, understanding the provisions of the Income Tax Act is crucial. One such provision is Section 73A, which…
When it comes to corporate amalgamations, particularly in the banking and insurance sectors, taxation plays a pivotal role in determining how smooth and efficient the transition can be. One crucial…
Managing business losses is an integral part of financial planning, and the Indian Income Tax Act provides clear provisions to help businesses handle such situations effectively. Section 72 of the…
The Income Tax Act provides various methods for setting off losses to ensure that taxpayers can reduce their overall taxable income. One such provision deals with the set-off of losses…
Managing your income tax liability efficiently is one of the keys to financial success. One of the most important provisions available to taxpayers is the ability to offset losses from…