Day: February 12, 2025

Section 54 of Income Tax Act 1961 amended by the Finance Act 2022 and Income-tax Rules, 1962. Profit on sale of property used for residence.

Section 71 of Income Tax Act 1961 amended by Finance Act 2022 & Income-tax Rules. Set off of loss from one head against income from another.

Section 70 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Set off of loss under same head of income.

Section 73 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Losses in speculation business.

Section 72 of Income Tax Act 1961 amended by the Finance Act 2022 and Income-tax Rules, 1962. Carry forward and set off of business losses.

Notes on section 80 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Submission of return for losses.

Section 79 of Income Tax Act 1961 as amended by Finance Act 2022 and Income-tax Rules 1962. Set off of losses in case of certain companies.

Section 78 of Income Tax Act 1961. Carry forward and set off of losses in case of change in constitution of firm or on succession.

Amended and updated notes on losses of firms section 75 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962.

Notes on section 74 of Income Tax Act 1961 as amended by Finance Act 2022 and Income-tax Rules, 1962. Losses under the head Capital gains.

Section 90 of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules. Agreement with foreign countries or specified territories.

Section 89 of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules 1962. Relief when salary is paid in arrears or in advance.