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Carry forward and set off of losses by Specified Business - (New) Section 114 / (Old) Section 73A
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....y loss • the assessee carries on a specified business covered under Section 46; and • a loss is computed from that specified business during the relevant tax year. Carry Forward and Subsequent Set Off of Unabsorbed Specified Business Losses [ Section 114(1) ] Where for any tax year • a loss has arisen from a specified business; and • t....
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