Set off and Carry forward of Losses

Chapters / List

1. Set off of loss under the same head of income - Section 70

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2. Set off of loss from one head against income from another head (Inter-Head Adjustment) - Section 71

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3. Carry forward and set off of loss from House Property - Section 71B

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4. Carry forward and set off of business loss - Section 72

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5. Provisions relating to carry forward & set off of accumulated losses and unabsorbed depreciation in case of Amalgamation or Demerger etc. - [ Section 72A(1), (2) and (3) ]

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6. Additional criteria that the resulting company needs to meet in a demerger for the purpose of set-off and carry forward of losses and depreciation allowances [ Section 72A(4)&(5) ]

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7. Additional requirements for business reorganization regarding the set-off and carry forward of losses and depreciation allowances [ Section 72A(6) & (6A) ]

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8. Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases [Section 72AA ]

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9. Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks [ Section 72AB ]

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10. Exceptions to the rule that losses can be carried forward for eight assessment years

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11. Losses in Speculation Business - Section 73

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12. Carry forward and set off of losses by specified business referred in Section 35AD - Section 73A

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13. Loss under the head Capital Gains - Section 74

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14. Loss from the activity of owning and maintaining race-horses. - Section 74A

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15. Carry forward and set off of losses in case of change in constitution of firm or on succession - Section 78

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16. Carry forward and set off of losses in the case of certain companies - Section 79

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17. No set off of losses consequent to search, requisition and survey - Section 79 [w.e.f. 01.04.2022]

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18. Summary of Rules for set off and carry forward

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