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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2012 is depreciation can be adjusted with salary income
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CA PAWAN SETHI

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CA PAWAN SETHI (Expert)
04 February 2012 u/s 32 depreciation loss can be utilised to adjust income under any head except salary.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 February 2012
Depreciation is not a'loss'. Being an allowance, it can be set off against 'income from salary'.
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CA PAWAN SETHI

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CA PAWAN SETHI (Expert)
06 February 2012 See Link: http://carocks.wordpress.com/2012/01/30/all-about-set-off-and-carry-forward-of-losses-and-their-exceptions-2/

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