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Carry forward and set off of business loss.

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.... 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 set o....

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Full Text of the Document

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....f 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 year for which the....

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Carry forward and set off of business loss.