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Can we automise the set off of tax losses upto 75% of taxable income ?

Accepted answer


Tax losses allowed to be carried forward indefinitely however they can be set off only to the extent of 75% of taxable income of a positive taxable income year. Balance to be carried forward. 

Example -

Carry forward loss from PY - 12,000

Total income after all adjustments for CY- 15000

In such case Loss cannot be set off as whole of 12000 but only for amount of 11250 (15000*75%)

Thereby Total taxable income is 3750 (15000-11250)

The remaining loss of 750 (12000-11250) will be carried forward in future.

Can we automise this logic ?

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