set off of unabsorbed depreciation
This query is : Resolved
19 October 2009
can unabsorbed depreciation be set off against income of special tax rate (i.e. winning from lottery, LTCG, STCG u/s 111A, etc)
please reply me
please reply me
19 October 2009
NO it is not possible. Only regular business income has to be considered for set off of depreciation.
19 October 2009
But sir, where I can find it...
in which section it is written
in which section it is written
24 October 2009
Unabsorbed dep can be set off against LTCG & STCG
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