Whether brought forward unabsorbed depreciation can be adjusted against STCG/LTCG?
Vishnu Maheshwari (student) (88 Points)
28 July 2009Whether brought forward unabsorbed depreciation can be adjusted against STCG/LTCG?
Sangam
(CA)
(1329 Points)
Replied 28 July 2009
ya.. it can b set off against all income except salary..
it can b carried forward for an indefinite period..
PIYUSH JINDAL
(study)
(84 Points)
Replied 03 August 2009
it can be set off against any income including salary
C.Balaji
(Learner)
(1867 Points)
Replied 13 January 2010
unabsorbed depreciation can be set off against any income excluding salary since it is considered as a Biz loss.... unabsorbed depreciation can be carried forward for indefinite period.
CAclubindia
