Income Tax
Set off and Carry Forward of Losses

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 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.