Income tax department known for collection of heavy taxes on income being earned by the assessees also provide them relief at the time they incur losses. In the eyes of assessee IT Department has always been harsh when it comes to collection of taxes but there is opposite side also i.e. Department allow the assessee to Set off or Carry Forward and Set off the losses subject to some conditions and restrictions being discussed in the article.
Understanding the Stock Market has always been a pain for the new comers who seek their future in the Stock Market as an investor.
