Wife or minor child of individual incurs loss, which if it were income would be includible in income of that individual - Whether such loss should be treated as if it were loss sustained by that individual

Wife or minor child of individual incurs loss, which if it were income would be includible in income of that individual - Whether such loss should be treated as if it were loss sustained by that individual https://www.taxtmi.com/circulars?id=4507 Losses incurred by a wife or minor child from sources whose income would be includible in an individual's income may be set off against that individual's income and, if not fully absorbed, carried forward under the loss provisions; a spouse's share loss may be allowed in the spouse's assessment and any balance carried forward. The Board withdraws the earlier narrower view and treats such losses, as an alternative equitable construction, as if sustained by the individual. en-us Mon, 19 Feb 1973 00:00:00 +0530 Wed, 30 Jul 2008 11:53:00 +0530 TaxTMI RSS Generator Wife or minor child of individual incurs loss, which if it were income would be includible in income of that individual - Whether such loss should be treated as if it were loss sustained by that individual https://www.taxtmi.com/circulars?id=4507 Losses incurred by a wife or minor child from sources whose income would be includible in an individual's income may be set off against that individual's income and, if not fully absorbed, carried forward under the loss provisions; a spouse's share loss may be allowed in the spouse's assessment and any balance carried forward. The Board withdraws the earlier narrower view and treats such losses, as an alternative equitable construction, as if sustained by the individual. Circulars Income Tax Mon, 19 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4507