Unabsorbed depreciation
This query is : Resolved
SUSHMA YOGESH PATIL
(Querist)
14 February 2019
Can unabsorbed depreciation set off against capital gain? Capital gain is long term capital gain emerged from sale of shares hold as investment.
Nilesh Gami
(Expert)
15 February 2019
Unabsorbed depreciation can be set off against any income other than income under the head 'Salary income'. So you can set off it against capital gain.
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