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<h1>Carryforward of specified business losses limited to profits of similar businesses; timely return filing required to preserve carryforward.</h1> Losses of a specified business under Section 35AD may be carried forward indefinitely and set off only against profits of other specified businesses; the loss is eligible for carryforward and future set off only if the return declaring the loss is filed within the due date prescribed under section 139(1), and a return filed after that due date disqualifies the loss from carryforward.