Income Tax Department

Ministry of Finance, Government of India

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Section 121

Submission of return for losses

Section

Section Number

121

Chapter

CHAPTER VII - Set off or carry forward and set off of losses

Act

Income-tax Act, 2025

Year

2026

Submission of return for losses

Submission of return for losses.

121. 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) or 112(1) or 113(2) or 114(2) or 115(2).

Footnotes