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set off of unabsorbed depreciation

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(Querist)
19 October 2009 can unabsorbed depreciation be set off against income of special tax rate (i.e. winning from lottery, LTCG, STCG u/s 111A, etc)
please reply me
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
19 October 2009 NO it is not possible. Only regular business income has to be considered for set off of depreciation.
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Dinesh More

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Dinesh More (Querist)
19 October 2009 But sir, where I can find it...
in which section it is written
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 October 2009 Unabsorbed dep can be set off against LTCG & STCG

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