Act Number: 43

Act Name: The Income-tax Act, 1961

Year: 1961

Enactment Date: 1961-09-13

Long Title: An Act to consolidate and amend the law relating to income-tax and super-tax

Ministry: Ministry of Finance

Department: Department of Revenue

Section 80: Submission of return for losses.
Notwithstanding anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed 1 in accordance with the provisions of sub-section (3) of section 139, shall be carried forward and set off under sub-section (1) of section 72 or sub-section (2) of section 73 2 or sub-section (2) of section 73A or 3 sub-section (1) or sub-section (3) of section 74 4 or sub-section (3) of section 74A.
Notes:
1. Subs. by Act 4 of 1988, s. 126, for “within the time allowed under sub-section (1) of section 139 or within such further time as may be allowed by the Income-tax Officer” (w.e.f. 1-4-1989).
2. Ins. by Act 28 of 2016, s. 36 (w.e.f. 1-4-2016).
3. Subs. by Act 11 of 1987, s. 74, for “sub-section (1) of section 74” (w.e.f. 1-4-1988).
4. Ins. by Act 20 of 1974, s. 13 (w.e.f. 1-4-1975).
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