Section mapper · Losses, set-off and carry-forward
Section 70 of the Income-tax Act, 1961 is now
section 108 of the Income-tax Act, 2025
Setting a loss off against income under the same head.
- Was
s.70, Income-tax Act, 1961 (repealed)- Is now
s.108(1), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 108(1) keeps the intra-head set-off for every head other than capital gains, and the capital-gains rules — long-term against long-term, short-term against either — follow in the same section.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
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