co have huge amount of unabsorbed depreciation.
now co sell Land and have Long term Capital Gains on same.
can we adjust same with UAD?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 11 September 2020
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 12 September 2020
UAD becomes a part of next year current depreciation u/s 32(2). After adding UAD in current depreciation for the year results in loss under the head PGBP then that loss under PGBP may be set off with LTCG
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