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Unabsorbed depreciation

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(Querist)
04 June 2016 Can I carry forward unabsorbed depreciation once my income is below 250000 or I have to absorb the depreciation in current year until the total income becomes nil..... Since in both cases my tax payable would be nil.
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 June 2016 it should be absorbed against 250,000 and then carry forward the balance if any

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