Tag Archives: Set off and Carry Forward Loss

How to Set off and Carry Forward Loss under Income Tax [ FA 2018]

By | August 20, 2018

SET OFF AND CARRY FORWARD OF LOSS UNDER THE INCOME-TAX ACT [As amended by Finance Act, 2018] Loss from exempted source of income cannot be adjusted against taxable income If income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to… Read More »