Section – 74A : Losses from certain specified sources falling under the head “Income from other sources”
February 28, 2018
Section – 78 : Carry forward and set off of losses in case of change in constitution of firm or on succession
February 28, 2018

Section – 75 : Losses of firms

75. Where the assessee is a firm, any loss in relation to the assessment year commencing on or before the 1st day of April, 1992, which could not be set off against any other income of the firm and which had been apportioned to a partner of the firm but could not be set off by such partner prior to the assessment year commencing on the 1st day of April, 1993, then, such loss shall be allowed to be set off against the income of the firm subject to the condition that the partner continues in the said firm and to be carried forward for set off under sections 70, 71, 72, 73, 74 and 74A.

Leave a Reply

Your email address will not be published. Required fields are marked *

16 + = 23

HostBooks has been featured in






Want to know more about HostBooks?

We’ll help you out!