Section 75Central Act
Section 75: [ Losses of firms. [Substituted by Act 18 of 1992, Section 39, for Sections 75, 76 and 77 (w.e.f. 1.4.1993).]
[ Losses of firms. [Substituted by Act 18 of 1992, Section 39, for Sections 75, 76 and 77 (w.e.f. 1.4.1993).]
-Where the assessee is a firm, any loss in relation to the assessment year commencing on or before the 1st day of April, 1992, which could not be set off against any other income of the firm and which had been apportioned to a partner of the firm but could not be set off by such partner prior to the assessment year commencing on the 1st day of April, 1993, then, such loss shall be allowed to be set off against the income of the firm subject to the condition that the partner continues in the said firm and to be carried forward for set off under sections 70, 71, 72, 73, 74 and 74-A.Previous
Sec 74A — [ Losses from certain specified sources falling under the head "Income from other sources".-] [Inserted by Act 16 of 1972, Section 11 (w.e.f. 1.4.1972).]
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Sec 76 — Loses of unregistered firms assessed as registered firms
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