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Unabsorbed depreciation

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(Querist)
03 November 2012 If Late Income tax return is filed then in that case Unabsorbed depreciation can be Carried forward to the subsequent year.

Thanks,
Mayur
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 November 2012 Only losses cannot be carry forward in case of belated return. Unabsorbed depreciation can be carry forward for belated return also
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Mayur

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Mayur (Querist)
03 November 2012 Thank you very much for your prompt reply.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 November 2012 Can be c/fd and set off in subsequent year.

Citation :- M/s Fabrkons Vs ACIT (1994) 51 ITD 603 (Hyd).

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