Section 80 - Submission of return for losses - Income-tax Act, 1961

Submission of return for losses. 80. Notwithstanding anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed 1 [ in accordance with the provisions of sub-section (3) of section 139 ] , shall be carried forward and set off under sub-section (1) of section 72 or sub-section (2) of section 73 4 [ or sub-section (2) of section 73A ] or sub-section (1) 2 [ or sub-section (3) ] of section 74 3 [ or sub-section (3) of section 74A ] . ------------------------------- Notes :- 1. Substituted for within the time allowed under sub-section (1) of section 139 or within such further time as may be allowed by the Income-tax Officer by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Earlier, the said expression was substituted for under section 139 by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-4-1985. 2. Inserted by the Finance Act, 1987, w.e.f. 1-4-1988. 3. Inserted by the Finance Act, 1974, w.e.f. 1-4-1975. 4. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2016