Hence, domestic tax laws in India provide relief in the form of set-off and carry forward of losses sustained by an individual, either resident or non-resident, in the course of earning income.

The new tax regime is the default tax regime for ITR filing from this year i.e., for FY2023-24. However, can you carry forward your capital losses from previous years or this year under the new ...

Equity shareholders can set off stock market losses against gains and carry forward any residual losses to subsequent financial years to lower their tax liability. Capital losses incurred from the ...

As per the Income Tax Act, a company is not eligible to carry forward and set off its losses if 51% or more of the voting power in the year, in which the set-off is claimed, is not beneficially ...

Kindly explain to me the computation of capital gains tax set off and carry forward loss as applicable. Srishyla Melkote V I understand that the capital gain / loss as mentioned in your query ...

Here’s how the set-off and carry-forward provisions under the Income Tax Act work—and what you need to know to maximize tax savings. Selling a stock, bond, mutual fund, or real estate at a ...

The income tax (I-T) officer noted that the provisions of section 72A of the I-T Act only provide for the set-off and carry forward of the brought forward (business) loss and unabsorbed ...

Specific legislative amendments in the Act are expected to carry forward and set off accumulated losses and unabsorbed depreciation on change of shareholding due to amalgamation. The notification ...