CHAPTER VI – Aggregation of income and set off or carry forward of loss
Here’s the section-wise analysis of CHAPTER VI – Aggregation of income and set off or carry forward of loss of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 66 | Total income. | Section-101 |
| 67 | Method of computing a partner’s share in the income of the firm. [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] | Omitted |
| 67A | Method of computing a member’s share in income of association of persons or body of individuals | Section-309 |
| 68 | Cash credits. | Section-102 |
| 69 | Unexplained investments. | Section-103 |
| 69A | Unexplained money, etc. | Section-104 |
| 69B | Amount of investments, etc., not fully disclosed in books of account. | Section-103, Section-104 |
| 69C | Unexplained expenditure, etc. | Section-105 |
| 69D | Amount borrowed or repaid on hundi. | Section-106 |
| NEW | N.A. | Section-107 |
| 70 | Set off of loss from one source against income from another source under the same head of income. | Section-108 |
| 71 | Set off of loss from one head against income from another. | Section-109 |
| 71A | Transitional provisions for set off of loss under the head “Income from house property”. | Omitted |
| 71B | Carry forward and set off of loss from house property. | Section-110 |
| 72 | Carry forward and set off of business losses. | Section-112 |
| 72A | Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc. | Section-116 |
| 72AA | Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases. | Section-117 |
| 72AB | Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks. | Section-118 |
| 73 | Losses in speculation business. | Section-113 |
| 73A | Carry forward and set off of losses by specified business. | Section-114 |
| 74 | Losses under the head “Capital gains”. | Section-111 |
| 74A | Losses from certain specified sources falling under the head “Income from other sources”. | Section-115 |
| 75 | Losses of firms | Redundant |
| 76 | Order of detention. | Omitted |
| 77 | Detention in and release from prison. | Omitted |
| 78 | Carry forward and set off of losses in case of change in constitution of firm or on succession. | Section-119 |
| 79 | Carry forward and set off of losses in case of certain companies. | Section-119 |
| 79A | No set off of losses consequent to search, requisition and survey. | Section-120 |
| 80 | Submission of return for losses. | Section-121 |
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