FAQs on Set Off and Carry Forward of Losses

Chapters / List

1. If income from any source is exempt, then can loss from such source be adjusted against any other taxable income?

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2. What is the meaning of intra-head adjustment?

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3. What are the restrictions to be kept in mind while making intra-head adjustment of loss?

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4. What is the meaning of inter-head adjustment?

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5. If the income of the year in which loss is incurred falls short, and taxpayer is unable to adjust entire loss, then can the taxpayer carry forward the unadjusted loss for adjustment in next year?

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6. What are the provisions framed under the Income-tax law in relation to carry forward and set off of business loss other than loss from speculative business?

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7. What are the provisions framed under the Income-tax law in relation to carry forward and set off of loss from speculative business?

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8. What are the provisions framed under the Income-tax Law in relation to carry forward and set off of house property loss?

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9. What are the provisions framed under the Income-tax law in relation to carry forward and set off of capital loss?

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10. What is the meaning of unabsorbed depreciation, unabsorbed capital expenditure on scientific research and unabsorbed capital expenditure on promoting family planning amongst the employees?

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11. What are the provisions framed under the Income-tax Law relating to set off of unabsorbed depreciation, unabsorbed capital expenditure on scientific research and unabsorbed capital expenditure on promoting family planning amongst the employees?

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12. In case of change in the constitution of business, can the loss be carried forward by the reconstituted entity?

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13. Are there any special provisions in case of carry forward of loss in case of a partnership firm if any partner of the firm retires?

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14. Are there any special provisions in case of carry forward and set off of loss in case of a company in which public are not substantially interested?

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