Unabsorbed depreciation
This query is : Resolved
04 June 2016
Can I carry forward unabsorbed depreciation once my income is below 250000 or I have to absorb the depreciation in current year until the total income becomes nil..... Since in both cases my tax payable would be nil.
Amol S Joglekar
(Expert)
05 June 2016
it should be absorbed against 250,000 and then carry forward the balance if any
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