Unabsorbed depreciation
This query is : Resolved
05 September 2012
is there any chance to claim unabsorbed depreciation against any head of income other than bp & salary income.suppose last year we r having dep loss of Rs 3crores and this year there is a capital gain of RS 3.7 crores arises on depreciable asset& no other income is there. then how much we r going to pay tax ?
or
tell me the tax managment techniques to minimise my tax liability on such cg?
or
tell me the tax managment techniques to minimise my tax liability on such cg?
Soumitra Basu
(Expert)
06 September 2012
Your entire depreciation will be added with the cost of the asset and short term capital gain will be only 0.70 crores.
07 September 2012
thanks for ur valuable suggestion but i want to know more information briefly.will u please provide ?
Soumitra Basu
(Expert)
08 September 2012
My email - soumitra_tax@yahoo.co.in
Mobile No. - 9434001177
Mobile No. - 9434001177
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