Unabsorbed Business Loss

Tax Glossary Definition

Unabsorbed Business Loss

Unabsorbed Business Loss – Business loss that remains after set-off against current year’s income from the same head. Such loss can be carried forward up to 8 assessment years, subject to conditions under the Income Tax Act.

Example: A business incurs a loss of ₹3 lakh in FY 2023–24. If it cannot be fully set off in that year, the remaining amount can be carried forward to future years and set off against business income

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