News18Why Filing ITR On Time Can Save You Lakhs In Taxes: Set-Off & Carry Forward Of Losses Explained
- Bias Rating
- Reliability
20% ReliableLimited
- Policy Leaning
38% Somewhat Right
- Politician Portrayal
N/A
Continue For Free
Create your free account to see the in-depth bias analytics and more.
By creating an account, you agree to our Terms and Privacy Policy, and subscribe to email updates.
Bias Score Analysis
The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
-24% Negative
- Conservative
| Sentence | Sentiment | Bias |
|---|---|---|
Unlock this feature by upgrading to the Pro plan. | ||
Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
Bias Meter
Extremely
Liberal
Very
Liberal
Moderately
Liberal
Somewhat Liberal
Center
Somewhat Conservative
Moderately
Conservative
Very
Conservative
Extremely
Conservative
-100%
Liberal
100%
Conservative
Contributing sentiments towards policy:
63% : Once the due date passes, taxpayers lose the ability to decrease their tax liability by setting off or carrying forward certain losses.54% : Why Filing on Time Matters Under income tax rules, losses under the heads "Capital Gains" and "Business/Profession" can be set off against eligible income or carried forward to offset future profits - but only if the ITR is filed before the due date.
52% : But with no set-off allowed due to late filing, his taxable income was Rs 14 lakh, and the tax shot up to Rs 1.14 lakh.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.
