set off & carry forward
This query is : Resolved
ca tarun sharma
(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
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
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
It cannot be set off against salary income
06 August 2009
Agreed
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