Summary of Rules for set off and carry forward

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..... it necessary to submit return of loss in time 1. House Property Loss Income under the head Income from House Property 8 years Not Applicable No 2. Speculation Loss Speculation Profits 4 years Not necessary Yes 3. Non speculation business loss 3.1 On account of unabsorbed depreciation capital expenditure on scientific research and family planning Any income except salary income No time limit Not ne .....

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