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        Income Tax

        Section 121 - Submission of return for losses.

        Income-tax Act, 2025
        Chapter VII
        SET OFF, OR CARRY FORWARD AND SET OFF OF LOSSES

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        Carry forward of losses requires return-based determination; non-determined losses are ineligible for set-off under tax law. Requirement that losses be determined through a filed return governs entitlement to carry forward and set off. Losses not determined in pursuance of a return filed under section 263(1) are ineligible for carry forward and set off against income under the specified provisions listed in the Chapter.
                        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.

                              Carry forward of losses requires return-based determination; non-determined losses are ineligible for set-off under tax law.

                              Requirement that losses be determined through a filed return governs entitlement to carry forward and set off. Losses not determined in pursuance of a return filed under section 263(1) are ineligible for carry forward and set off against income under the specified provisions listed in the Chapter.


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