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Set off of brought forward Unabsorbed Depreciation

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(Querist)
11 March 2010 Can the Brought Forward Unabsored Depreciation be set off against-
1)Salary Income
2)Short term Capital Gains from Shares?
Thank you all.
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CA Robin Betala

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CA Robin Betala (Expert)
11 March 2010 Dear sanjay

1) salary cannot be setoff against Unabsored depriciation
2) But short term capital gain on share can be setoff against Unabsored depreciation
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Sanjay

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Sanjay (Querist)
12 March 2010 Robin Sir
can you kindly please refer me relevent section/Case Law that Brought Forward Unabsorbed Depreciation can not be set off against Salary Income.
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Sanjay

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Sanjay (Querist)
21 March 2010 Robin Sir
I am waiting for your reply.
please reply soon.

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