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of <h1>Tax Officer Must Notify Taxpayer of Loss Amount Under Sections 111-115 of Income Tax Bill 2025</h1> The Assessing Officer must inform the taxpayer in writing about the computed loss amount during income assessment if it is determined that a loss has occurred. This notification is relevant for sections 111(1) or (2), 112, 113(2), or 115(1) of the Income Tax Bill, 2025. The taxpayer is entitled to carry forward and offset the loss as per the provisions of these sections.
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