#set off and carry forward of losses notes pdf

Read more about the article Understanding Section 78 of the Income Tax Act: Carry Forward and Set-off of Losses in Case of Change in Constitution or Succession

Understanding Section 78 of the Income Tax Act: Carry Forward and Set-off of Losses in Case of Change in Constitution or Succession

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…

Continue ReadingUnderstanding Section 78 of the Income Tax Act: Carry Forward and Set-off of Losses in Case of Change in Constitution or Succession
Read more about the article Understanding Section 72A of the Income Tax Act: Provisions for Carry Forward and Set-Off of Accumulated Loss and Unabsorbed Depreciation

Understanding Section 72A of the Income Tax Act: Provisions for Carry Forward and Set-Off of Accumulated Loss and Unabsorbed Depreciation

Section 72A of the Income Tax Act, 1961, is a crucial provision designed to facilitate the smooth transfer of financial benefits, such as accumulated losses and unabsorbed depreciation, during business…

Continue ReadingUnderstanding Section 72A of the Income Tax Act: Provisions for Carry Forward and Set-Off of Accumulated Loss and Unabsorbed Depreciation
Read more about the article Understanding the Set-Off of Losses Under the Head Income from House Property for Assessment Years 1995-96 and 1996-97

Understanding the Set-Off of Losses Under the Head Income from House Property for Assessment Years 1995-96 and 1996-97

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…

Continue ReadingUnderstanding the Set-Off of Losses Under the Head Income from House Property for Assessment Years 1995-96 and 1996-97