Budget 2022: No Set off of any loss to be allowed against undisclosed income detected during search/survey

Last updated: 01 February 2022

Set off of loss in search cases - Amendment in the provisions of section 79A of the Act 1. Chapter VI of the Act deals with aggregation of income and set off or carry forward of loss. In Sections 70-80 of the Act there are specific provisions relating to set off or carry forward and set off of lo

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