UNABSORBED depreciation

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RAJESH SACHDEVA

RAJESH SACHDEVA (Querist)
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09 January 2011 sir plz tell me till hao many years it can be seet off and which section it atteched with,

THANKS

Ravikant

Ravikant (Expert)
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09 January 2011 Unabsorbed depreciation can be carry forward and set off for indefinite period, there is no time limit. It is related to Section 72A,,

RAJESH SACHDEVA

RAJESH SACHDEVA (Querist)
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11 January 2011 sir m confused as one of the expert told ki the unabsorbrd dep can be sett off for 8 years only & u saying unlimited no. of years so plz help .......

Ravikant

Ravikant (Expert)
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11 January 2011 Unabsorbed Business Loss : 8 years
Unabsorbed Depreciation : INDEFINITE PERIOD
Refer Sec : 72, 72A(1), 72A(4), 72A(6), 72AA, 72AB(1) and 72AB(3).

RAJESH SACHDEVA

RAJESH SACHDEVA (Querist)
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11 January 2011 thanks sir