Summary of Rules for set off and carry forward

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Full Text of the Document

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....necessary to submit return of loss in time 1. House Property Loss Income under the head Income from House Property 8 years Not Applicable No 2. Speculation Loss Speculation Profits 4 years Not necessary Yes 3. Non speculation business loss 3.1 On account of unabsorbed depreciation capital expenditure on scientific research and family planning Any income except salary income No ti....