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Unubsorbed Depreciation

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(Querist)
24 September 2010 is there any restriction to carry forward unabsorbed depreciation regarding Sec 139(3). we filed Last year Income tax return after the due date. now can we setoff our unabsorbed depreciation of last year with current year business profit?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 September 2010 Yes u can set off depreciation loss.

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