Set off unabsorbed depreciation if 1 return is not filed in between

This discussion clarifies the rules around setting off unabsorbed depreciation from a previous financial year (FY 2015-16) against profits in a later year (FY 2018-19), even if the intervening year's return (FY 2017-18) was not filed. While generally permissible, it's advised to ensure no taxable income existed in the unfiled year. If there was taxable income, it must be set off against that year's income first, with only the balance eligible for carry forward.