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Set off and carry forward

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(Querist)
03 September 2011 Unabsorbed depreciation can be set off against Salary income or not.....??????
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CA Navin Jain

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CA Navin Jain (Expert)
03 September 2011 Section 71(2A) restricts loss under the head business or profession to be set off against salary income.

Therefore you can set off unabsorbed depreciation from salary income.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
03 September 2011 can not set off unabsorbed depreciation from salary income.
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