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Can we adjust Salary Income against Unabsorbed depriciation

This query is : Resolved 
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(Querist)
02 March 2009 Hi! Guys

Iwant to know that can v take salary Income against adjustment of Unabsorbed Depriciation.
plz Suggest.....
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
02 March 2009 Dear Shreekant,
Section 71 of Income tax provide that current year business loss cant be set off from Income From Salary.
Here Unabsorbed Depreciation will be considered as loss from B&P which can be carry forward for unlimited number of years.
So Set off is not possible
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
02 March 2009 NO CAN NOT ADJUST THIS AGAINST SALARY INCOME
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