Set Off or Carry Forward and Set Off Of Losses under Income Tax Act

Income-tax is a composite tax on the total income of a person earned during a period of one previous year.  There might be cases where an assessee has different sources of income under the same head of income.  Similarly, he may have income under different heads of income. It might also happen that the net …

Set Off or Carry Forward and Set Off Of Losses under Income Tax Act Read More »