https://www.taxtmi.com/acts?id=51645 Losses computed in respect of a specified business must be set off only against profits and gains of another specified business; any portion not so set off shall be carried forward to the following tax year and set off against profits of specified business then carried on, with any remaining unrelieved loss carried forward similarly to subsequent years. en-us Thu, 14 Aug 2025 10:47:41 +0530 Tue, 26 Aug 2025 16:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51645 Losses computed in respect of a specified business must be set off only against profits and gains of another specified business; any portion not so set off shall be carried forward to the following tax year and set off against profits of specified business then carried on, with any remaining unrelieved loss carried forward similarly to subsequent years. Act-Rules Income Tax Thu, 14 Aug 2025 10:47:41 +0530 https://www.taxtmi.com/acts?id=51645