20/4/2025, 9:23:02 pm

Can business loss be carried forward after switching to new tax regime?

Under the new tax regime, business losses carried forward from the old regime can be set off only if they don’t relate to disallowed deductions like additional depreciation or investment-linked deductions. Losses from regular expenses or standard depreciation can still be carried forward. Taxpayers must analyze their losses and compare tax regimes to decide optimally.