Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Carryback

Tax. An income-tax deduction (esp. for a net operating loss) that cannot be taken entirely in a given period but may be taken in an earlier period (usu. the previous three years). - Also termed loss carryback; tax-loss carryback. Cf. CARRYOVER. Carryforward See CARRYOVER.

loss carryback

See CARRYBACK.

tax-loss carryback

See CARRYBACIt.