| Type of Loss |
Profit against which C/F loss can be set-of |
No. of Year C/F |
1. HP Loss |
Income under head "Income from HP. |
8 Years |
2. Speculation Loss |
Speculation Profit |
4 Years |
3. Non- Speculation Business loss |
|
|
| (i) on a/c of unabsorbed depn and Family planning |
any income not being salary income |
No-time limit |
| (ii) other remaining business |
any business profit wheather from speculation or otherwise. |
8 years |
4. Capital Loss |
|
|
| (i) Short-term capital loss |
any income under the Head of "Capital Gains". |
8 years |
| (ii) Long-term capital loss |
Long term Capital gains. |
8 years |
5. Loss from the activity of owning and maintaining race horses. |
Income from the actvity of owing and maintining race horses. |
4 Years |
