Please tell me wheteher UNABSORED DEPRECIATION is set off against SALARY or not.
Menu
Unabsored Depreciation
Replies (16)
It can not be set off with Salary from the A.Y.2005-06, even any other business loss can not be set off with Salary Income from the A.Y.2005-06
Surana, Chennai
9952967237
| Originally posted by :M.M.SURANA | ||
| " | But According To CA Rajesh Sharma Unabsored Depreciation is setoff agnst. salary But bussiness loss is canot setoff agnst. salary | " |
Mr. Harish
As I hav already mentioned, ther is amendment. form the A.Y. 2005-06 it can not be set off . for More detail U can read chapter Rule of Carry Forward of Loss
surana Chennai
9952967237
only business loss can be set off from salary but not unabsorbed dep.
business loss cannot be set off from salary.............same is the case for unabsorbed dep. it cannot be set off agnst salary, casual income
No Unabsorbed Depreciation cannot be setoff Salary.
| Originally posted by :Manish | ||
| " | Wrong sir, business loss cannot be set off from salary. | " |
"only business loss can be set off from salary but not. unabsorbed dep". wrrongly written
correct is that Unabsorbed dep. can be set off from any head including salary.
mm surana
is right
Unabsorbed Depreciation cannot be set-off Salary.
no doubt abt it
i read in the book that it can b set off from salary
hi...
Yes, Unabsorbed depreciation can be set off from salary income.
Regards
Vijay Kumar
i m also saying this
Unabsorbed depreciation can be setoff not only against income under "Profit and Gains of Business or Profession" but also against income under any other head. That means it can setoff against salary...
Recent Threads
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
Related Threads
CAclubindia
