Set off of specified business losses restricted to other specified business profits; unabsorbed losses carried forward for future set off. Losses computed in respect of a specified business are only deductible against profits and gains of other specified businesses; any unabsorbed loss is ... Summary
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Set off of specified business losses restricted to other specified business profits; unabsorbed losses carried forward for future set off.
Losses computed in respect of a specified business are only deductible against profits and gains of other specified businesses; any unabsorbed loss is carried forward and must be set off against specified business profits in subsequent assessment years, with any remaining unabsorbed amount carried forward again.
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