Treatment of losses of Investment Fund

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....n of total income of the investment fund [without giving effect to the provisions of clause (23FBA) of section 10] is a loss under any head of income at the fund level then first fund will be set-off ....

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....refore such losses shall be carry forward & set-off by unit holders. Notes: - * If units not hold for 12 months, then such losses shall not be allowed to unit holders and as well as Investment Fund....