Carry forward of business loss
An unabsorbed derivatives loss may be carried forward up to 8 assessment years and set off only against business income in those years — and only if the return of income was filed on or before the due date.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
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