SET OFF, CARRY FORWARD & SET OFF

Vineet... are u asking for an option here???

Dude, there is a criteria to be followed..

UNABSORBED DEPRECIATION can be carried for years, but not the business loss.. U should set off that first....

Current year losses should be first set off with the profit available........

Business Loss of Current year, Past years, Depreciation loss

Vineet.....Dheeraj is correct Unabsorbed dep can be carry  forwarded for any no. of  years  so you should first set off the losses and that too first last years braught  forwarded losses should be set off.

Thanks

Rajat

dear vineet

i totally agree wiyth the commkents given by dheeraj and rajat last years loss should be set off then think about unabsorbed depriciation bcoz for that u have unlimited time