https://www.taxtmi.com/acts?id=45709 The substituted subsection provides that a loss under 'Profits and gains of business or profession' (excluding speculation losses) not wholly set off under section 71 shall be carried forward to the following assessment year; it must first be set off against profits and gains of any business or profession assessable for that year provided the original business continued in the relevant previous year, and any remaining unadjusted amount shall be carried forward to the next assessment year. en-us Fri, 29 Nov 2024 17:20:05 +0530 Fri, 29 Nov 2024 17:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45709 The substituted subsection provides that a loss under 'Profits and gains of business or profession' (excluding speculation losses) not wholly set off under section 71 shall be carried forward to the following assessment year; it must first be set off against profits and gains of any business or profession assessable for that year provided the original business continued in the relevant previous year, and any remaining unadjusted amount shall be carried forward to the next assessment year. Act-Rules F. Acts / Amendment Acts Fri, 29 Nov 2024 17:20:05 +0530 https://www.taxtmi.com/acts?id=45709