Home > Income Tax Act 2025 > Chapter VII Last Updated: Oct 08th 2025
Chapter VII : Set Off, Or Carry Forward And Set Off Of Losses
Income tax act 2025 is organised by chapters that groups related sections of the tax law. "Chapter VII" is related to "Set Off, Or Carry Forward And Set Off Of Losses".
1. "Chapter VII" as per act
List of new section codes and a short description of each section.
| Section | Description of Section | Section Details |
|---|---|---|
| 1 | Set off of losses under same head of income. | Section-108 |
| 2 | Set off of losses under any other head of income. | Section-109 |
| 3 | Carry forward and set off of loss from house property. | Section-110 |
| 4 | Carry forward and set off of loss from capital gains. | Section-111 |
| 5 | Carry forward and set off of business loss. | Section-112 |
| 6 | Set off and carry forward of losses computed in respect of speculation business. | Section-113 |
| 7 | Set off and carry forward of losses computed in respect of specified business. | Section-114 |
| 8 | Set off and carry forward of losses from specified activity. | Section-115 |
| 9 | Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc. | Section-116 |
| 10 | Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases. | Section-117 |
| 11 | Carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks. | Section-118 |
| 12 | Carry forward and set off of losses not permissible in certain cases. | Section-119 |
| 13 | No set off of losses against undisclosed income consequent to search, requisition and survey. | Section-120 |
| 14 | Submission of return for losses. | Section-121 |