Set off and carry forward
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2011
Dear all,
Please advise, Our company is having income from other sources (Interest income ) is it can be set off against the unabsorbed dep. because unabsorbed dep can be set off against any income.
Thanks
Please advise, Our company is having income from other sources (Interest income ) is it can be set off against the unabsorbed dep. because unabsorbed dep can be set off against any income.
Thanks
04 November 2011
As per sec 32(2) unabsorbed depreciation can be set off against any income..so you can set off unabsorbed dep by income from other sources
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