Home > Income Tax Act 2025 > Section-118Last Updated: Feb 21st 2025
Section-118 seeks to provide for carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks. Learn to understand the section-118 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.