UNABSORBED depreciation

This query is : Resolved 

09 January 2011 sir plz tell me till hao many years it can be seet off and which section it atteched with,

THANKS

09 January 2011 Unabsorbed depreciation can be carry forward and set off for indefinite period, there is no time limit. It is related to Section 72A,,

11 January 2011 sir m confused as one of the expert told ki the unabsorbrd dep can be sett off for 8 years only & u saying unlimited no. of years so plz help .......


11 January 2011 Unabsorbed Business Loss : 8 years
Unabsorbed Depreciation : INDEFINITE PERIOD
Refer Sec : 72, 72A(1), 72A(4), 72A(6), 72AA, 72AB(1) and 72AB(3).

11 January 2011 thanks sir



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