Our Firm is “Peer Reviewed” by ICAI and eligible for conducting audits of Listed Companies in India.
 
Rule of carry forward of loss
 
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