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Section 75 — Losses of firms: where it sits in the Income-tax Act, 2025

Section 75 (Losses of firms) of the Income-tax Act, 1961 has no corresponding provision in the Income-tax Act, 2025 — as per the official CBDT correspondence, it stands omitted in the new Act.

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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 75 of the Income-tax Act, 1961 omitted in the Income-tax Act, 2025?

Yes — as per the official CBDT correspondence, Section 75 stands omitted in the Income-tax Act, 2025 with no corresponding provision.

What does Section 75 of the Income-tax Act, 1961 deal with?

Section 75 — "Losses of firms", 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 73 — Losses in speculation business
  • Section 73A — Carry forward and set off of losses by specified business
  • Section 74 — Losses under the head
  • Section 74A — Losses from certain specified sources falling under the head “Income from other sources”
  • Section 78 — Carry forward and set off of losses in case of change in constitution of firm or on succession
  • Section 79 — Carry forward and set off of losses in case of certain companies
  • Section 79A — No set off of losses consequent to search, requisition and survey
  • Section 80 — Submission of return for 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