Unabsorbed Depriciation
This query is : Resolved
ankitaggarwal4u
(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?
and is it allowed to be carried forward for indefinite period of time?
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.
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?
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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