There can be profit and also losses in every type of business, where losses are difficult to digest. Though Income Tax Act in India provides for the benefits of losses too. The law contains the provisions for set off and carry forward of losses.
It is possible for an individual to have income under more than one head. The Income Tax Act has prescribed rules to set-off loss arising from one head against other heads of income. The process of setting off of losses and their carry forward can be dividing in following steps: # Inter...
Define Setoffs. Setoffs synonyms, Setoffs pronunciation, Setoffs translation, English dictionary definition of Setoffs. n. 1. Something, such as a decoration, that sets off something else by contrast. 2. Something that offsets or compensates for somethin
However, in certain cases, to carry forward the losses the assessee must have filed the return within the due date under section 139(1). Provisions under the Income-tax Act in relation to carry forward and set off of house property loss If loss under the head 'Income from house property...
(e.g. securities or commodities deliverable on the same day- settlement netting) and because in its more important form it generally involves a cancellation by a counterparty of open contracts with an insolvent debtor, followed by setoff of losses and gains either way- close-out netting ↔ ...
Recommendation:You can turn it on to see if it works on your device; if it causes issues (or if you don't care to test), turn itoff. A: The higher your buffer, the more of a video will be preloaded ahead of your current position. A low buffer might minimally reduce your bandwidt...
nounThat which is set off against another thing; an offset. nounThat which is used to improve the appearance of anything; a decoration; an ornament. noun(Law)A counterclaim; a cross debt or demand; a distinct claim filed or set up by the defendant against the plaintiff's demand. ...
afor realized income consisting of a section for current revenues less current costs and a section for realized gains and losses 为体会的收入包括一个部分为当前收入较不当期成本和一个部分为体会的获取和损失[translate] a关于这个问题 同学们有不同的看法 Has the different view about this question schoo...
Right of Off-Set/Set-Off. To the extent it is determined that the --- Purchaser has an indemnifiable Loss under Section 9.2, and subject to the limitations contained in Section 9.2(b), Purchaser shall have the right to off-set or set-off any indemnification payment from a Seller...
For examples, see the Examples section later in this topic. ON Enables change tracking for the database. When you enable change tracking, you can also set the AUTO CLEANUP and CHANGE RETENTION options. AUTO_CLEANUP = { ON | OFF } ON Change tracking information is automatically removed after...