If the income of the year in which loss is incurred falls short, and taxpayer is unable to adjust entire loss, then can the taxpayer carry forward the unadjusted loss for adjustment in next year?

If the income of the year in which loss is incurred falls short, and taxpayer is unable to adjust entire loss, then can the taxpayer carry forward the unadjusted loss for adjustment in next year? https://www.taxtmi.com/manuals?id=4163 When taxable income of the year of loss is insufficient after intra-head and inter-head set-offs, the unadjusted loss may be carried forward to subsequent assessment years for adjustment under the specific carry-forward provisions of the Income-tax law applicable to different heads of income. en-us Mon, 25 Dec 2023 17:15:00 +0530 Mon, 25 Dec 2023 17:15:00 +0530 TaxTMI RSS Generator If the income of the year in which loss is incurred falls short, and taxpayer is unable to adjust entire loss, then can the taxpayer carry forward the unadjusted loss for adjustment in next year? https://www.taxtmi.com/manuals?id=4163 When taxable income of the year of loss is insufficient after intra-head and inter-head set-offs, the unadjusted loss may be carried forward to subsequent assessment years for adjustment under the specific carry-forward provisions of the Income-tax law applicable to different heads of income. Manuals Income Tax Mon, 25 Dec 2023 17:15:00 +0530 https://www.taxtmi.com/manuals?id=4163