Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law is a Practice book on Income Tax on Conferenza, priced at ₹476 (20% off MRP ₹595). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹476 · 20% off
- Course
- Practice
- Subject
- Income Tax
Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Publisher
- Commercial Law Publishers
About this book
A focused reference on one part of income tax law: the set-off of losses and their carry forward under the Income Tax Act, 1961. Ram Dutt Sharma takes the provisions, conditions and timelines in turn, with case law and CBDT clarifications.
At a glance
| Author | Ram Dutt Sharma |
| Statute covered | Income Tax Act, 1961 |
| Publisher | Commercial Law Publishers |
What's inside
- Classification of losses: business, speculation, capital, house property and others
- Conditions for setting off current year losses against other heads, and the inter-head and intra-head rules
- Carry forward of unabsorbed losses and allowances, with time limits and procedural compliance
- Treatment of unabsorbed depreciation and investment allowance
- Set-off restrictions on change in constitution or ownership, and the position in amalgamations, demergers and reorganisations
- CBDT circulars and instructions, landmark rulings, and compliance checklists
Who should buy this
- Chartered accountants and tax practitioners advising on loss set-off and carry forward claims
- Corporate tax teams dealing with restructuring, amalgamation or ownership change
- Anyone who needs one place where the scattered provisions on losses are brought together
Publisher's description
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.
Frequently asked questions
What is Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law?+
A focused reference on one part of income tax law: the set-off of losses and their carry forward under the Income Tax Act, 1961. Ram Dutt Sharma takes the provisions, conditions and timelines in turn, with case law and CBDT clarifications. At a glance Author Ram Dutt Sharma Statu
How much does Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law cost?+
Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law is available for ₹476 (MRP ₹595) on Conferenza, with fast delivery.
Which exam is Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law for?+
Practice — Income Tax.
Is Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law good for self-study of Income Tax?+
Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law available as a free PDF download?+
Allowability and Rule of Carry Forward and Set off Of Losses Under Income Tax Law is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.