Home > Income Tax Act 2025 > Section-113Last Updated: Feb 21st 2025
Section-113 provides for set off and carry forward of losses from speculation business and provides for set off and carry forward of losses from speculation business. It also defines the expressions "speculation business" and "unabsorbed speculation business loss". Learn to understand the section-113 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.