Set-off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2012
is depreciation can be adjusted with salary income
CA PAWAN SETHI
(Expert)
04 February 2012
u/s 32 depreciation loss can be utilised to adjust income under any head except salary.
05 February 2012
Depreciation is not a'loss'. Being an allowance, it can be set off against 'income from salary'.
Depreciation is not a'loss'. Being an allowance, it can be set off against 'income from salary'.
CA PAWAN SETHI
(Expert)
06 February 2012
See Link: https://carocks.wordpress.com/2012/01/30/all-about-set-off-and-carry-forward-of-losses-and-their-exceptions-2/
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