setoff of losses
This query is : Resolved
25 November 2010
Dear Sir, Can unabsorbed depreciation loss can be set off against salary income
25 November 2010
Yes. For details see below link--
http://wirc-icai.org/wirc_referencer/Income%20Tax%20&%20Wealth%20Tax/Set%20off%20And%20Carry%20Forward%20of%20Losses.htm
http://wirc-icai.org/wirc_referencer/Income%20Tax%20&%20Wealth%20Tax/Set%20off%20And%20Carry%20Forward%20of%20Losses.htm
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