Dear All,
It will be quite a help if u can reply to the following query:
Is it possible to set off Unabsorbed depreciation with the salary income.
tushar jain (Service) (107 Points)
04 July 2007Dear All,
It will be quite a help if u can reply to the following query:
Is it possible to set off Unabsorbed depreciation with the salary income.
Jayant Shaligram
(Service)
(146 Points)
Replied 05 July 2007
sundar
(executive - accounts)
(22 Points)
Replied 05 July 2007
C.Balaji
(Learner)
(1867 Points)
Replied 04 August 2009
unabsorbed depn. cannot be set off against salary income.......... as it is also a business loss..... it can be set off against any other head of income except salary....
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 04 August 2009
yes,
you can not adjust/sett off unabsorbed depreciation with salary income
Vaibhav
(CA IPCC Student)
(34 Points)
Replied 31 March 2010
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