Depreciation
This query is : Resolved
24 December 2013
unabsorbed depreciation
24 December 2013
If, in a particular year there are losses or
inadequate profits, depreciation amount
may not be fully deductible. In such
cases, the amount that cannot be
deducted wholly or partially can be set
off against any other income. If such
unabsorbed depreciation cannot be
adjusted against the income of the same
year, it can be carried forward to next
year and can be adjusted against any
income of the next year and so on.
Unabsorbed depreciation can be carried
forward for any number of years without
any limitation.
inadequate profits, depreciation amount
may not be fully deductible. In such
cases, the amount that cannot be
deducted wholly or partially can be set
off against any other income. If such
unabsorbed depreciation cannot be
adjusted against the income of the same
year, it can be carried forward to next
year and can be adjusted against any
income of the next year and so on.
Unabsorbed depreciation can be carried
forward for any number of years without
any limitation.
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