ca final
444 Points
Joined November 2009
While dealing with unabsorbed depreciation (UAD) 1 shud keep in mind d following-
1-Depreciation allowance (DA) of d P/Y is first deductible from d income chargeable U/H PGBP
2-If DA is not fully deductible U/H PGBP it is deductible from income chargeable under d other head of income except salaries
Upon reading of d above line i think it is allowable