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Normal Loss under Income From Other Sources - Carry Forward Period

Direct Taxation

Hi sir, hope you're well. Under Income From Other Sources, carry forward period for owning and maintain racehorses is up to 4 AYs. Loss from casual income can't be setoff/ carried forward. What is the carry forward period for normal loss in this head please? Thanks Video Details P3A - Income Tax (New) Chp 6 - Aggregation of Income, Set off and Carry forward of losses 7. Set off Carry Forward of Loss


Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

25-Mar-24 20:59

59

Answers (2)

Zero


Paramesh E

Paramesh E

CA Foundation

5

26-Mar-24 05:57

Loss from other sources cannot be carried forward.


Shiva Teja

Shiva Teja

Faculty

01-Apr-24 11:48

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