Whether brought forward unabsorbed depreciation can be adjusted against STCG/LTCG?
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Set off of Unabsorbed depreciation
Replies (4)
ya.. it can b set off against all income except salary..
it can b carried forward for an indefinite period..
it can be set off against any income including salary
Yupp it can be adjusted with any income including salary.
unabsorbed depreciation can be set off against any income excluding salary since it is considered as a Biz loss.... unabsorbed depreciation can be carried forward for indefinite period.
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