https://www.taxtmi.com/manuals?id=1189 Carry-forward of business losses is generally limited to eight assessment years, subject to exceptions. Specified business losses and unabsorbed depreciation may be carried forward without time limit. Losses of a discontinued business may be set off against chargeable income arising from that business. Extended carry-forward is available for specified amalgamations and qualifying business successions. Where a discontinued business is re-established within the permitted period, its losses may be set off against business profits, with the balance carried forward for the following seven assessment years. en-us Tue, 15 Sep 2015 15:37:00 +0530 Fri, 17 Jul 2026 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1189 Carry-forward of business losses is generally limited to eight assessment years, subject to exceptions. Specified business losses and unabsorbed depreciation may be carried forward without time limit. Losses of a discontinued business may be set off against chargeable income arising from that business. Extended carry-forward is available for specified amalgamations and qualifying business successions. Where a discontinued business is re-established within the permitted period, its losses may be set off against business profits, with the balance carried forward for the following seven assessment years. Manuals Income Tax Tue, 15 Sep 2015 15:37:00 +0530 https://www.taxtmi.com/manuals?id=1189