Research Associate
81 Points
Posted on 20 May 2011
sir....so d crux may be is dat section 139(3) return is required for the purpose of set off and carryforward per sections 70, 71, 72, 72A. Since unabsorbed depreciation is governed by section 32(2), filing or non filing of return under section 139(3) does not matter, as far as its set off and carry forward is concerned?