IT Act 74अध्याय VI · Aggregation Of Income And Set Off Or Carry Forward Of Loss
धारा 74 · [ Losses under the head "Capital gains". [Substituted by Act 11 of 1987, Section 31, for Section 74 (w.e.f. 1.4.1988).]
अक्षर आकार — स्तर 1, कुल 4 में से
- ] [Substituted by Act
27 of 1999
, Section 38, for Section 72-A (w.e.f. 1.4.2000).][(1) Where in respect of any assessment year, the net result of the computation under the head "Capital gains" is a loss to the assessee, the whole loss shall, subject to the other provisions of this Chapter, be carried forward to the following assessment year, and-(a)in so far as such loss relates to a short-term capital asset, it shall be set off against income, if any, under the head "Capital gains" assessable for that assessment year in respect of any other capital asset;(b)in so far as such loss relates to a long-term capital asset, it shall be set off against income, if any, under the head "Capital gains" assessable for that assessment year in respect of any other capital asset not being a short-term capital asset;(c)if the loss cannot be wholly so set off, the amount of loss not so set off shall be carried forward to the following assessment year and so on.](2)
[ No loss shall be carried forward under this section for more than eight assessment years immediately succeeding the assessment year for which the loss was first computed.] [Substituted by Act 11 of 1987, Section 31, for Section 74 (w.e.f. 1.4.1988).](3)
[* * *] [ Sub-Section (3) omitted by Act 20 of 2002, Section 29 (w.e.f. 1.4.2003).] [ Substituted by Act 20 of 2002, Section 29, for sub-Section (1) (w.e.f. 1.4.2003).]इस धारा पर आपका निजी नोट
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