Set Off & Carry Forward of Losses Part 3🔥Sections 118 & 119 + ICAI Illustrations | CA Final May 2027

📚 *SET OFF & CARRY FORWARD OF LOSSES | PART 3 | CA FINAL MAY 2027* Welcome to *Yashika’s CAverse* — where we make tax little less taxing and much more interesting! 💗 In this video, we continue our revision of *Set Off and Carry Forward of Losses* under the Income-tax Act, 2025, with a focus on Sections 118 and 119, along with illustration-based practice from the ICAI Study Material. ✨ *Topics Covered:* Section 118 – Carry forward and set off of losses in cases of reorganisation of co-operative banks Section 119 – Cases where carry forward and set off of losses are restricted Important conditions, exceptions and exam-oriented concepts ICAI illustrations and practical application of provisions 🎯 *Perfect for:* CA Final May 2027 aspirants looking for concept-based revision in simple language. 📌 *Study tip:* Don't just memorise section numbers — understand the conditions, exceptions and how to apply the provisions to ICAI questions. If this video helps you revise, please LIKE, SHARE and SUBSCRIBE to support the channel! ❤️ 💬 Comment below: Which topic should we revise next? #CAFinal #CAFinalMay2027 #SetOffAndCarryForwardOfLosses #IncomeTaxAct2025 #ICAI #CAFinalRevision #YashikasCAverse