https://www.taxtmi.com/manuals?id=1196 House-property loss is carry-forward eligible only against house-property income, while speculation loss is restricted to speculation profits and requires timely filing of the loss return. Unabsorbed depreciation and specified capital expenditure may be carried forward without time limit against permitted income, whereas specified-business loss remains confined to income from that business. Other business and capital losses are subject to timely filing and applicable income-head restrictions. Race-horse activity losses require both continuation of the activity and timely filing, and may be set off only against income from that activity. en-us Tue, 15 Sep 2015 15:52:00 +0530 Fri, 17 Jul 2026 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1196 House-property loss is carry-forward eligible only against house-property income, while speculation loss is restricted to speculation profits and requires timely filing of the loss return. Unabsorbed depreciation and specified capital expenditure may be carried forward without time limit against permitted income, whereas specified-business loss remains confined to income from that business. Other business and capital losses are subject to timely filing and applicable income-head restrictions. Race-horse activity losses require both continuation of the activity and timely filing, and may be set off only against income from that activity. Manuals Income Tax Tue, 15 Sep 2015 15:52:00 +0530 https://www.taxtmi.com/manuals?id=1196