https://www.taxtmi.com/acts?id=49110 Carry forward and set off of business loss permits an unabsorbed business loss (excluding loss from speculation business) to be carried into subsequent tax years and set off only against profits and gains of business or profession of the taxpayer for those years, subject to a prescribed limited period and a priority rule requiring such loss to be set off before certain carried forward allowances. en-us Fri, 14 Feb 2025 16:54:22 +0530 Fri, 14 Feb 2025 16:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49110 Carry forward and set off of business loss permits an unabsorbed business loss (excluding loss from speculation business) to be carried into subsequent tax years and set off only against profits and gains of business or profession of the taxpayer for those years, subject to a prescribed limited period and a priority rule requiring such loss to be set off before certain carried forward allowances. Act-Rules Bills Fri, 14 Feb 2025 16:54:22 +0530 https://www.taxtmi.com/acts?id=49110