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Rules explained: Old vs New Income Tax Act 2025 - Can you set off or carry forward losses from previous years? Details

Rules explained: Old vs New Income Tax Act 2025 - Can you set off or carry forward losses from previous years? Details

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The Income-tax Act, 2025, came into effect on April 1, 2026, raising questions about losses carried forward under the old tax regime. CBDT FAQs explain the transition rules, including what taxpayers should check before adjusting past losses against future income.

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