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— official CBDT correspondence

Section 78 — Carry forward and set off of losses in case of change in constitution of firm or on succession: where it sits in the Income-tax Act, 2025

As per the official CBDT correspondence, Section 78 (Carry forward and set off of losses in case of change in constitution of firm or on succession) of the Income-tax Act, 1961 corresponds to Section 119 (Carry forward and set off of losses not permissible in certain cases) of the Income-tax Act, 2025.

corresponding provisions · income-tax act, 2025

  • Section 119 — Carry forward and set off of losses not permissible in certain cases

read both texts · §78 (1961) vs §119 (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 78 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 119.

What does Section 78 of the Income-tax Act, 1961 deal with?

Section 78 — "Carry forward and set off of losses in case of change in constitution of firm or on succession", 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 75 — Losses of firms
  • 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