Set off of Unabsorbed Depreciation
This query is : Resolved
Rishab Mathur
(Expert)
05 June 2010
No, nothing is allowed to be set off against salary income except intt. on house property
05 June 2010
yes it can be sett off
coz it is covered by section 32(2) and not 71/72
coz it is covered by section 32(2) and not 71/72
Rishab Mathur
(Expert)
06 June 2010
I would like to differ with Ms Gandhi Sec 32(2) provisions are subject to provisions of Sec 72/73 and therefore unabsorbed depreciation cannot be set off against salary income.
CMA Arif Farooqui
(Expert)
09 June 2010
cant be set off against salary
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