setoff of short term capital gain
This query is : Resolved
15 March 2017
Can Carried forward unabsorbed depreciation cannot be set off with
short term capital gains arised by sale of business assets,if so under what section of Act.
short term capital gains arised by sale of business assets,if so under what section of Act.
15 March 2017
Unabsorbed depreciation is not allowed to be set off against Capital gains. But decision was provided otherwise in some cases.
Please check the below link for more details -
https://taxesndia.blogspot.in/2015/07/unabsorbed-depreciation-can-be-set-off.html
Please check the below link for more details -
https://taxesndia.blogspot.in/2015/07/unabsorbed-depreciation-can-be-set-off.html
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