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📚 Learn › Paper 3 — Taxation › Chapter

Clubbing of Income & Set-off / Carry Forward of Losses

Sections 60–74 of Income Tax Act — transfers without transfer, income of spouse/minor, set-off intra-head, inter-head and carry forward of losses. Expect 6–8 marks per attempt.

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4 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare Act text for reference.
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All lessons

1
Section 61 — Revocable Transfer of Assets
Section 61 Income Tax Act: income from revocable asset transfers is clubbed with the transferor's income. Key rule for CA Inter clubbing of
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2
Section 70 — Set-off of Loss from One Source against Another (Same Head)
Section 70 Income Tax Act: intra-head set-off of losses explained simply — STCL vs LTCL rules, house property, and exam-ready examples for C
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3
Section 71 — Set-off of Loss Inter-head
Section 71 Income Tax Act: inter-head loss set-off rules for CA Inter — including the ₹2L HP loss cap and business loss vs salary exception
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4
Section 72 — Carry Forward & Set-off of Business Losses
Section 72 Income Tax Act: Carry forward of business losses for 8 years, set-off rules, and key conditions CA Inter students must know for M
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