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Setoff of unabsorbed depreciation
Can current year dep ( in excess of income under the head PGBP)and unabsorbed depreciation be set off against any other head (including income under the head salaries)?
Replies (4)
Quick Summary
No it cannot be set off against any other head. It should be set off against income from PGBP
Not allowed
Agreed
No, can't set off against other head
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