Set off Unabsorbed Depreciation
This query is : Resolved
06 December 2008
Dear Professional Colleagues,
Good Evening,
I want to know that is it possible that unabsorbed dep. can be set off against casual income? My opinion that Sec. 72 states the provision of set off losses but sec. 32 states the provision of unabsorbed depreciation which can be set off any other inocme.
If it possible or not possible then give me the section, para, notes, case laws etc. for supporting your answer or your valueable advise.
Good Evening,
I want to know that is it possible that unabsorbed dep. can be set off against casual income? My opinion that Sec. 72 states the provision of set off losses but sec. 32 states the provision of unabsorbed depreciation which can be set off any other inocme.
If it possible or not possible then give me the section, para, notes, case laws etc. for supporting your answer or your valueable advise.
11 December 2008
Please give me logical answer
25 December 2008
Can any body give answer of my query with supporting logical facts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
