Home > Income Tax Act 2025 > Section-121Last Updated: Mar 06th 2025
Section-121 : Submission of return for losses.
Section-121 provides for submission of return for losses and also that no loss shall be carried forward and set off which has not been determined in pursuance of a return filed. Learn to understand the section-121 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
1. Section-121 as per act
Irrespective of anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed under section 263(1), shall be carried forward and set off under section 111(1) and 111(2), or 112(1), or 113(2), or 114(2) or 115(1)
2. Help and useful links for Section-121
- Income Tax Help Center
- Income Tax Act 2025 Home
- Rectification of Income Tax Returns - Complete Guide
- Defective Notice u/s 139(9): How to Prepare, Upload Return
- Updated Return u/s 139(8A) Filing Service Plan & Pricing
- How to file a Revised Income Tax Return?
- How to e-File Belated Income Tax Return by yourself ?
- Confused Which Income Tax Return Type to use?
- Self Service (DIY) Income Tax Filing made Easy
- How to eFile your Income Tax Return?
- Updated Return (ITR-U) Penalty Calculator