Depreciation allowance Under section 32(2)
This query is : Resolved
24 August 2007
Can unabsorbed depreciation allowance be setoff against salary income? Because section 71(2A) says loss cannot be setoff but this is a Allowance and not a loss.
24 August 2007
Only loss from house property can setooff.
not any other loss.
not any other loss.
24 August 2007
allowance word used but not governed by salary head of income tax.
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