UNABSORBED depreciation
This query is : Resolved
RAJESH SACHDEVA
(Querist)
09 January 2011
sir plz tell me till hao many years it can be seet off and which section it atteched with,
THANKS
THANKS
09 January 2011
Unabsorbed depreciation can be carry forward and set off for indefinite period, there is no time limit. It is related to Section 72A,,
RAJESH SACHDEVA
(Querist)
11 January 2011
sir m confused as one of the expert told ki the unabsorbrd dep can be sett off for 8 years only & u saying unlimited no. of years so plz help .......
11 January 2011
Unabsorbed Business Loss : 8 years
Unabsorbed Depreciation : INDEFINITE PERIOD
Refer Sec : 72, 72A(1), 72A(4), 72A(6), 72AA, 72AB(1) and 72AB(3).
Unabsorbed Depreciation : INDEFINITE PERIOD
Refer Sec : 72, 72A(1), 72A(4), 72A(6), 72AA, 72AB(1) and 72AB(3).
RAJESH SACHDEVA
(Querist)
11 January 2011
thanks sir
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