# The Finance Act, 1991, Section 24: Amendment of section 74

- Act: The Finance Act, 1991 (Act 49 of 1991)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1991/section/24/

## Text

Amendment of section 74. 24. In section 74 of the Income-tax Act, in sub-section (1), the words; and figures "and such loss cannot be or is not wholly set off against income under any other head of income in accordance with the provisions of section 71, so much of the loss as has not been so set off, or where he has no income under any other head" shall be omitted, with effect from the 1st day of April, 1992. [Finance (No. 2) Act, 1991] © Copyright. Taxmann Publications Pvt. Ltd.

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