Set-off and Carry forward of Losses: As per the provisions of the Income-tax Act, 1961the Loss incurred on sale/transfer of Immovable property (and other capital assets) can be set-off as follows: Type of Capital Loss Income which can be Set-off ...
1.Something, such as a decoration, that sets off something else by contrast. 2.Something that offsets or compensates for something else; a counterbalance. 3.A counterclaim that reduces or discharges the amount owed to a claimant. 4.ArchitectureSeesetback. ...
House property losses are limited to Rs. 200,000 for set off against other income. Specific business losses have restrictions on the types of income they can offset If there is any loss under any head of income, the assessee can set off losses against income. There are two ways to set ...
After the intra-head adjustments, the taxpayers can set off remaining losses against income from other heads. CARRY FORWARD OF LOSSES After making proper adjustment of losses under intra-head set off and inter-head set off, if there is still any loss which is remaining then, the unadjusted lo...
In the present context the losses can be carried forward to be set off against the income other subsequent year is possible in the following heads of income:- 1. Loss from house property. 2. Loss from business and profession:- a) Loss from non speculation business. ...
15. May be set off against capital gains or against regular income according to the tax rules. 资本物业的折旧,根据税法规定可以在资本收益或所得税中抵税。 16. They only just managed to set off gains against losses. 他们好不容易才做到得失相当。
tax authorities, the tax losses of group members maybeset offagainst the taxable income of the other members of the group, [...] businessinmalopolska.com businessinmalopolska.com 当财务统一已形成且向税务机关登记后,集团成 员间的税项亏损可能对其它集团成员的应税所得 ...
(D) Our set off right hereunder may be exercised against any one or more of the joint Account holders such that money, property [...] tanrich.com (D) 吾等在本本客戶協議下的抵銷權可以 針對任 何 一位 或 多 位聯 名帳戶持有人行使,吾等可以將應支 付予聯名帳戶持有人的金額、財產或...
(i) Intra-Head Set Off [i.e. adjust within same head] (ii) Inter-Head Set Off [i.e. adjust with other heads] *Intra-Head Set-Off Procedure: The Losses from one source can be set off against the income from another sourcebut under the same head. It can also be called as Inter...
tax losses of group members may be set off against the taxable income of the other members of the group, donations between companies will be deemed to be a tax-deductible expense for the donor, the transfer pricing rules do not apply to transactions between group companies and only one compan...