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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Adjustment of Unabsorbed Loss After Discontinuance of Business - (New) Section 38(3) / (Old) Section 41(5)

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....hen the business/profession has already been discontinued. Type of Income Covered The set-off is allowed only against income taxable under: • 38(1)(a) - Remission/cessation of liability or recovery of expenses • 38(1)(c) - Sale of scientific research asset • 38(1)(d) - Recovery of bad debts • 38(1)(e) - Wi....

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....eased to exist and which could not be set off against any other income of that previous year shall, so far as may be, be set off against the income chargeable to tax under the sub-sections aforesaid. The second to the rule that business or profession loss can be carried forward only for 8 years is given by section 41(5). This section is applicable if following conditions satisfied: â€....

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