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The document outlines the mechanisms for Set Off and Carry Forward of Losses and Clubbing of Income for the Assessment Year 2025-26, detailing rules for intra-head and inter-head adjustments of losses, along with their carry forward periods. It also discusses clubbing provisions to prevent tax avoidance through income transfer among family members, including specific rules for spouses and minor children. Proposed changes under the Income-Tax Bill 2025 aim to ease restrictions on set-off and modify clubbing
- Author
- virdielinn
- Language
- EN