Only following losses can be carry forward

  • Business loss
  • Speculation loss
  • House property loss
  • Loss from owning maintaining race horse
  • Capital loss [LTCL & STCL]
  • Loss from specified business [section 35 AD ]


Note :-

 Hence following losses cannot be carry forward

  • Loss from lottery
  • Loss under head salary

Loss from other sources   except above mentioned 

  1. Income Tax
  2. Set off and Carry Forward of Losses

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.