(1) Unless provided otherwise in this Act, for any tax year, if net result of computation from any source under any head of income (other than “Capital gains”) is a loss, then assessee shall be entitled to set off such loss against his income from any other source under the same head for that tax […]

(1) Subject to the provisions of this Chapter, for any tax year, if income computed under any head of income (other than “Capital gains”) is a loss, such loss shall be set off against income of the assessee under any other head, including “Capital gains”, if any, assessable for that tax year, subject to the

(1) The unabsorbed loss from house property for any tax year shall be carried forward to the subsequent tax year, and shall be set off only against income from house property, if any, computed for such subsequent tax year, and so on.(2) The unabsorbed loss from house property referred to in sub-section (1) shall be

(1) The unabsorbed capital loss for any tax year shall be carried forward to the subsequent tax year and shall be set off in the manner provided in sub-section (2).(2) The unabsorbed capital loss arising from transfer of capital asset, being––(a) a long-term capital asset, may be set off only against capital gains, if any,

(1) The unabsorbed business loss (other than loss from speculation business) for any tax year shall be carried forward to the subsequent tax year and shall be set off only against the profits and gains of business or profession, carried on by him and assessable for that tax year, if any, computed for such subsequent

(1) Any loss computed from a speculation business carried on by the assessee, during any tax year, shall be set off only against profits and gains, if any, of another speculation business for the said tax year.(2) The unabsorbed speculation business loss for any tax year shall be carried forward to the subsequent tax year

(1) Any loss computed from a specified business carried on by the assessee, during any tax year, shall be set off only against profits and gains, if any, of any other specified business for the said tax year.(2) The unabsorbed loss from the specified business for any tax year shall be carried forward to the

(1) Any loss incurred by the assessee in the specified activity during any tax year, shall not be set off against the income, if any, from any source other than specified activity for the said tax year.(2) The unabsorbed loss from the specified activity for any tax year shall be carried forward to the subsequent

(1) Where there has been an amalgamation of,—(a) a company owning an industrial undertaking or a ship or a hotel with another company; or(b) a banking company referred to in section 5(c) of the Banking Regulation Act, 1949 with a specified bank; or(c) one or more public sector company with one or more other public

(1) Irrespective of anything contained in section 2(6)(a) to (c) or section 116, where there has been an amalgamation of,—(a) one or more banking company with—(i) any other banking institution under a scheme sanctioned and brought into force by the Central Government under section 45(7) of the Banking Regulation Act, 1949; or(ii) any other banking