setoff of short term capital gain

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K Ramakrishna Rao (Querist)
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15 March 2017 Can Carried forward unabsorbed depreciation cannot be set off with
short term capital gains arised by sale of business assets,if so under what section of Act.

CA Gopal Somani

CA Gopal Somani (Expert)
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15 March 2017 Unabsorbed depreciation is not allowed to be set off against Capital gains. But decision was provided otherwise in some cases.

Please check the below link for more details -

http://taxesndia.blogspot.in/2015/07/unabsorbed-depreciation-can-be-set-off.html