https://www.taxtmi.com/manuals?id=1187 Unadjusted non-speculation business loss may be carried forward and set off only against profits and gains of business or profession in subsequent years, subject to an eight-year limit. Set-off of carried-forward business loss takes priority over unabsorbed depreciation and specified scientific-research expenditure. Carry forward generally requires a timely loss return and is available despite business discontinuance, ordinarily only to the assessee that incurred the loss, subject to stated succession-related exceptions. Unabsorbed depreciation and specified capital expenditure allowances remain separately eligible for indefinite carry forward. en-us Tue, 15 Sep 2015 15:31:00 +0530 Wed, 15 Jul 2026 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1187 Unadjusted non-speculation business loss may be carried forward and set off only against profits and gains of business or profession in subsequent years, subject to an eight-year limit. Set-off of carried-forward business loss takes priority over unabsorbed depreciation and specified scientific-research expenditure. Carry forward generally requires a timely loss return and is available despite business discontinuance, ordinarily only to the assessee that incurred the loss, subject to stated succession-related exceptions. Unabsorbed depreciation and specified capital expenditure allowances remain separately eligible for indefinite carry forward. Manuals Income Tax Tue, 15 Sep 2015 15:31:00 +0530 https://www.taxtmi.com/manuals?id=1187