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Carry forward and set off of business loss.

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Full Text of the Document

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....f of business loss. (1) Where for any tax year, loss computed under the head "Profits and gains of business or profession" (not being a loss sustained in a speculation business) cannot be wholly se....

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Full Text of the Document

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....oss not so set off shall be carried forward to the following tax year and so on. (2) No loss shall be carried forward under this section for more than eight tax years immediately succeeding the tax....

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