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
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