Set off and carry forward

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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


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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Follow us


Answer Query