

Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law
This edition of Allowability & Rules of Carry Forward & Set Off of Losses under Income Tax Law, authored by Ram Dutt Sharma, serves as a detailed and practical reference for understanding the statutory provisions, conditions, and procedural rules governing the carry forward and set-off of losses under the Income Tax Act, 1961. It incorporates the latest legislative updates, judicial interpretations, and CBDT clarifications to provide a complete compliance roadmap for taxpayers and professionals.
The book presents the law in a clear, structured, and practice-oriented manner, covering the interplay of various provisions, timelines, and eligibility conditions. It also includes relevant case law to illustrate the practical application of these provisions in real-life scenarios.
The content covers the full scope of carry forward and set-off provisions, including:
• Classification of losses – business, speculation, capital, house property, and others
• Conditions for set-off of current year losses against other heads of income
• Rules for carry forward of unabsorbed losses and allowances
• Inter-head and intra-head set-off provisions under the Act
• Time limits and procedural compliance for claiming carry forward
• Treatment of unabsorbed depreciation and investment allowance
• Set-off restrictions in cases of change in constitution or ownership
• Provisions for amalgamations, demergers, and reorganization of companies
• CBDT circulars and instructions on carry forward and set-off rules
• Landmark judicial rulings interpreting these provisions
• Compliance checklists and illustrative examples
This edition is particularly suitable for:
• Chartered accountants, tax practitioners, and corporate finance professionals
• Businesses and corporate taxpayers managing loss adjustments
• Law students and academicians specialising in tax law
• Taxpayers seeking clarity on compliance for loss set-off and carry forward
Whether for professional practice, corporate compliance, or academic study, this updated edition offers an authoritative and comprehensive guide to mastering the provisions on carry forward and set-off of losses under the Income Tax Act, 1961.
Book Format | : | Paperback |
Language | : | English |
ISBN-13 | : | 978-93-5603-375-7 |
Book Edition | : | 2nd Edition 2023 |
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Shipping & Returns
Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.
Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.
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