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Unabsorbed depreciation loss

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Guest

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Guest (Querist)
04 August 2016 Business was commenced on 2014-15 & incur depreciation loss in that assessment year. During 2015-16 said business was closed but still having unabsorbed depreciation. Can we carry forward unabsorbed depreciation for next year even after closure of such business.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
05 August 2016 The loss incurred was pertaining to business, if the business is closed against which income would the loss be carried forward?
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05 August 2016 Assessee is partner with another firm, whether he set-off the unabsorbed depreciation against such income from partnership firm
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