Income-tax Act, 2025 · CHAPTER VII — SET OFF, OR CARRY FORWARD AND SET OFF OF LOSSES

Section 121Submission of return for losses

Income-tax Act, 2025 (30 of 2025)

Irrespective of anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed under section 263(1), shall be carried forward and set off under section 111(1) or 112(1) or 113(2) or 114(2) or 115(2).

This section refers to

§ 111 Carry forward and set off of loss from Capital gains

§ 263 Return of income.