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        Income Tax

        Section 73A - Carry forward and set off losses by specified business

        Income-tax Act, 1961
        Part B
        Set off, or carry forward and set off

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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.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          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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