Section 121, Income-tax Act, 2025 — Submission of return for losses

Chapter VII · Set Off, or Carry Forward and Set Off of Losses

121Submission of return for losses.

Section 121 · Chapter VII · page 157 of the 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) or 112(1) or 113(2) or 114(2) or 115(2).

Section 121 of The Income-tax Act, 2025 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.