Unabsorbed depreciation

i think

u can't claim deduction as unabsorbed depreciation because at the time of selling wind mill u give benifit because u deduct w.d.v(including unabsorbed depreciation) from sale consideration.so up the amount of

unabsorbed depreciation u claim benifit under capital gains

i think

u can't claim deduction as unabsorbed depreciation because at the time of selling wind mill u give benifit because u deduct w.d.v(including unabsorbed depreciation) from sale consideration.so up the amount of

unabsorbed depreciation u claim benifit under capital gains

pls send me pm whether my conclusion is correct or not

Dear Swati Jain,

Partners in their individual capacity can set off losses with income of other business in the same year.

Regards,

RAJESH CHOUDHARY

thanks for the reply ayyappa and rajesh...

Rajesh: can u tell me by virtue of which section of the Income tax act, can the partners adjust unabsorbed depreciation with income from other sources, or any case law is available to support this stand...