Portfolio Media

All about set-off & carry-forward of losses

Satya Sontanam | Updated on December 05, 2020

Set-off and carry-forward provisions in the income Tax Act helps the tax payer to reduce the tax outgo.

Set-off lets you adjust loss against income earned, and reduce the tax outgo for that financial year.

While Carry-forward means that losses that are not fully adjusted in a year can be taken ahead to coming years for set-off purposes, thus reducing tax outgo in the future.

Listen in to know more.

Follow us on Spotify

Published on December 04, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.