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If an assessee, an Indian company or a person who resides in India, spends money after March 31, 1970, either before or after the start of their business, in connection with expanding their operation, or setting up a new unit, they are eligible to claim a deduction equal to one-tenth of that amount for each of the ten years prior to the current year, starting with the previous year.

In case where an assessee's gross total income includes profits and gains from a small-scale industrial undertaking covered by this section, an amount equal to 20% of those profits and gains may be deducted in computing the assessee's total income in accordance with and subject to the requirements of this section.

In addition to a distinct basic tax exemption of Rs. 2.50 lakh and a separate tax exemption for each of its members, a HUF is recognised as a separate tax entity (normally available to individuals). Whether the HUF is a resident or not, this is available. In its own name, HUF may invest in a variety of assets, including real estate, stocks, and mutual funds.

The full value of the evaluation for the transfer shall, with the prior approval of the Examining Assistant Commissioner, be taken to be the fair market price of the capital asset where the person purchasing a capital asset from an assessee is directly or indirectly related to the assessee and the revenue officer has reason to believe that the transfer was made with the intention of avoiding or reducing the liability of the assessee under section 45. 

Tax or tariff credit carried forward either under applicable statute or on items that were in stock on the designated day -

When the net result of the computation under the heading "Profits and gains of business or profession" is a loss to the taxpayer for any assessment year, other than a loss incurred in speculation business, and such loss cannot be or is not entirely set off against revenue under any head of revenue in accordance with the provisions of section 71.

Where there's been a blending of:-

(a) a business that co-owns a ship, an industrial project, or a hotel with another business; alternatively

A contract for the sale and purchase of a specified number of shares at a specified price is known as a share sale and purchase agreement. Shareholders who sell their shares are the sellers, while those who purchase them are the buyers. The terms and circumstances of the sale and acquisition of the shares are described in this agreement.

The amount of loss incurred by an assessee in the activity of maintaining and owning race horses in any evaluation year shall not be set off against income, if any, from any origin other than the activity of maintaining and owning race horses during that period and shall be carried forward to the subsequent assessment year in the case of an assessee who is the owner of horses maintained by him for running in horse races and-

Subject to the other requirements of this Chapter, a loss that results from the computation under the title "Capital gains" for any assessment year should be handled as follows:-