Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Set off of speculation business losses limited to other speculation profits, with restricted carryforward and prioritised application. Losses from a speculation business may be set off only against profits of other speculation businesses; unabsorbed losses become unabsorbed speculation ... Summary
Set off of speculation business losses limited to other speculation profits, with restricted carryforward and prioritised application.
Losses from a speculation business may be set off only against profits of other speculation businesses; unabsorbed losses become unabsorbed speculation business loss that can be carried forward and set off only against future speculation business profits and not beyond four succeeding tax years, and such unabsorbed losses must be applied before other carried forward allowances.
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