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Unabsorbed depreciation

This query is : Resolved 

03 November 2012 If Late Income tax return is filed then in that case Unabsorbed depreciation can be Carried forward to the subsequent year.

Thanks,
Mayur

03 November 2012 Only losses cannot be carry forward in case of belated return. Unabsorbed depreciation can be carry forward for belated return also

03 November 2012 Thank you very much for your prompt reply.

04 November 2012 Can be c/fd and set off in subsequent year.

Citation :- M/s Fabrkons Vs ACIT (1994) 51 ITD 603 (Hyd).


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