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Depreciation allowance Under section 32(2)

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(Querist)
24 August 2007 Can unabsorbed depreciation allowance be setoff against salary income? Because section 71(2A) says loss cannot be setoff but this is a Allowance and not a loss.
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Raj

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Raj (Expert)
24 August 2007 Only loss from house property can setooff.
not any other loss.
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Raj

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Raj (Expert)
24 August 2007 allowance word used but not governed by salary head of income tax.
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