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Unabsorbed Depriciation

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(Querist)
05 May 2008 Can unabsorbed Depriciation be written off with Salary income as it is not considered as Business Loss?
and is it allowed to be carried forward for indefinite period of time?
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
05 May 2008 Yes, unabsorbed depriciation can be set off against salary income and also it is allowed to be carried forward for indefinite period of time.
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ankitaggarwal4u

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ankitaggarwal4u (Querist)
05 May 2008 thnx a lot sir
do also tell k is loss at horse race be set off of with profit at other horse race or not?
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R.V.RAO

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R.V.RAO (Expert)
05 May 2008 YES BOTH QUERIES ANSWERED IN AFFIRMATIVE.
R.V.RAO
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