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set off & carry forward

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(Querist)
05 August 2009 hello sir can unabsorbed dep be set off & carry forward & set off against salary income. please mention the relevant provision & sec

i think same can be as per sec 32(2).
that is unabsorbed dep can be set off from any other income & not specify other than salary income
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 NO unabsorbed dep loss can be set off against any income except salary income and it can be carried forward to infinite no. of years.

It cannot be set off against salary income
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
06 August 2009 Agreed




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