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
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
04 November 2012
Can be c/fd and set off in subsequent year.
Citation :- M/s Fabrkons Vs ACIT (1994) 51 ITD 603 (Hyd).
Citation :- M/s Fabrkons Vs ACIT (1994) 51 ITD 603 (Hyd).
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