This concept is called the Set-Off & Carry Forward of Losses. Through this, we could use our Losses to adjust against our income. And in this way, our losses provide us the tax benefit. So, Let's understand it verycomfortablyand in a bit details:1.What is Set-Off & Carry forward ...
Losses under this head can be carry forward up to 4 assessment year, can be only adjusted against the income from owning or maintaining race horses. It cannot be carry forward if the return is not filed on due date. Please mention the Rules of all the heads of income for the Inter head...
Most of the time general people set off their losses in the same assessment year and they don’t have the idea of carry forwarding of losses or any such concept. Mostly they don’t have any detail knowledge of law. Sometime it also happen that people show on their losses and take the ...
...kind of money. He wanted a money system by which a farmer could borrow money to put in his crop, then having failed to raise a crop (I have mentioned the great drought years) could yet pay back the money. But no farming nation can suffer great crop losses without beingset backfin...
set forward To begin a journey. set in 1. To insert: set in the sleeve of a gown. 2. To begin to happen or be apparent: "Evening was setting in as I took the road over Mountain Top" (Charles Siebert). 3. To move toward the shore. Used of wind or water. set off 1. a. ...
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estimated useful life is finite) and impairment losses. equitynet.com.hk 目標公司購入之無形資產(研究活動所產生的支出除外)按成本減累計攤銷(如估計可 使用年期屬有限)及減值虧損 於綜合財務狀況表內列賬。 equitynet.com.hk At the same time, it must also reconcile meeting the pressing food and nu...
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【2】Last April, someone freed hundreds of foxes and raccoon dogs in a Beijing suburb, causing economic losses to animal farmers and endangering the safety of local residents.【3】Besides, today people are increasingly aware of the importance of environmental protection and biopersity. But it ...
Carried forward indefinitely Loss from Capital Gain- a) Long Term Capital Loss 8 Assessment Years b) Short Term Capital Loss 8 Assessment Years Loss from the activity of owning and maintaining race horses 4 Assessment Years However, in certain cases, to carry forward the losses the asses...