Set off and carry forward
This query is : Resolved
03 September 2011
Unabsorbed depreciation can be set off against Salary income or not.....??????
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.
Therefore you can set off unabsorbed depreciation from salary income.
03 September 2011
can not set off unabsorbed depreciation from salary income.
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