https://www.taxtmi.com/acts?id=47422 The amendment excises from subsection (1) of section 74 the phrase conditioning a loss's allowance on its inability to be wholly set off against income under other heads in accordance with section 71 and on such loss remaining unabsorbed or where the taxpayer has no income under other heads, thereby removing that limitation on treatment of unabsorbed losses for set-off and carryforward purposes, effective from 1 April 1992. en-us Mon, 13 Jan 2025 15:42:59 +0530 Mon, 27 Jan 2025 16:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47422 The amendment excises from subsection (1) of section 74 the phrase conditioning a loss's allowance on its inability to be wholly set off against income under other heads in accordance with section 71 and on such loss remaining unabsorbed or where the taxpayer has no income under other heads, thereby removing that limitation on treatment of unabsorbed losses for set-off and carryforward purposes, effective from 1 April 1992. Act-Rules F. Acts / Amendment Acts Mon, 13 Jan 2025 15:42:59 +0530 https://www.taxtmi.com/acts?id=47422