Menu
Unabsorbed depreciation
i read that unabsorbed depreciation can be utilised and set off against ANY head of income. does that even include salary income if a person along with his employement job carries on a business too.
Replies (4)
No , unabsorbed depreciation can't be set off against the Salary Head.
Logic :- There can never be any loss under the head of salary. so where there is no loss then why the loss of other head will be utilised under the head of salary.
Recent Threads
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
Related Threads
CAclubindia
