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Section 70 — Set off of loss from one source against income from another source under the same head of income: where it sits in the Income-tax Act, 2025
As per the official CBDT correspondence, Section 70 (Set off of loss from one source against income from another source under the same head of income) of the Income-tax Act, 1961 corresponds to Section 108 (Set off of losses under the same head of income) of the Income-tax Act, 2025.
corresponding provisions · income-tax act, 2025
- Section 108 — Set off of losses under the same head of income
read both texts · §70 (1961) vs §108 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
frequently asked
Is Section 70 of the Income-tax Act, 1961 omitted in the Income-tax Act, 2025?
No — its subject matter continues in the Income-tax Act, 2025 as Section 108.
What does Section 70 of the Income-tax Act, 1961 deal with?
Section 70 — "Set off of loss from one source against income from another source under the same head of income", under CHAPTER VI - AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS of the Income-tax Act, 1961.
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same chapter · chapter vi - aggregation of income and set off or carry forward of loss · income-tax act, 1961
- Section 69A — Unexplained money, etc.
- Section 69B — Amount of investments, etc., not fully disclosed in books of account
- Section 69C — Unexplained expenditure, etc.
- Section 69D — Amount borrowed or repaid on hundi
- Section 71 — Set off of loss from one head against income from another
- Section 71A — Transitional provisions for set off of loss under the head “Income from house property”
- Section 71B — Carry forward and set off of loss from house property
- Section 72 — Carry forward and set off of business losses
frequently looked up · income-tax act, 1961
§2 · §9 · §10 · §11 · §12A · §14 · §24 · §28 · §37 · §43B · §44AB · §44AD · §44ADA · §45 · §48 · §50C · §54 · §54EC · §54F · §56 · §68 · §69 · §80C · §80CCD · §80D · §80G · §80GGC · §87A · §111A · §112 · §112A · §115BAA · §115BAC · §139 · §140A · §142 · §143 · §144 · §147 · §148 · §148A · §154 · §156 · §194C · §194-I · §194J · §194N · §194Q · §195 · §201 · §234A · §234B · §234C · §244A · §245 · §263 · §264 · §270A · §271AAD · §276B · §281