Unabsorbed depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2017 UNABSORBED DEPRECATION WHICH BELONGS TO YEAR 2015 AND EARLIER 2 YEAR CAN BE ADJUSTED TOWARDS HOUSE PROPERTY INCOME FOR YEAR ENDING 31.03.2016 AND 31.03.2017 WHEN BUSINESS ACTIVITY WAS STOPPED FROM 01.04.2016.
WHETHER LOSS FOR YEAR 2015 CAN BE ADJUSTED FOR HOUSE PROPERTY INCOME OF 2016 WHEN BUSINESS ACTIVITY WAS NOT CARRIED OUT IN 2016??

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 November 2017 1. Unabsorbed depreciation of 2015 and two earlier years cannot be set off from
income from house property of the year 2016 and 2017.

2. Unabsorbed business loss of 2015 cannot be set off against income from house
property of the year 2016.