https://www.taxtmi.com/acts?id=49112 Losses from a specified business may be set off only against profits and gains of other specified businesses in the same tax year; any unabsorbed loss is carried forward and in subsequent years may similarly be set off only against profits and gains of specified businesses. "Unabsorbed loss from the specified business" means a computed loss from a specified business not wholly set off under the intra-category rule for that tax year. en-us Fri, 14 Feb 2025 16:54:52 +0530 Fri, 14 Feb 2025 16:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49112 Losses from a specified business may be set off only against profits and gains of other specified businesses in the same tax year; any unabsorbed loss is carried forward and in subsequent years may similarly be set off only against profits and gains of specified businesses. "Unabsorbed loss from the specified business" means a computed loss from a specified business not wholly set off under the intra-category rule for that tax year. Act-Rules Bills Fri, 14 Feb 2025 16:54:52 +0530 https://www.taxtmi.com/acts?id=49112