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Unabsorved Depriciation

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(Querist)
01 May 2024 unabsorbed depreciation current assets or current liabilities
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 May 2024 Unabsorbed depreciation can create a deferred tax asset for a company. A deferred tax asset represents a future tax benefit that can be used to offset against future taxable income once the company generates sufficient profits.
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