Set off provision query related to unabsorbed depriciation

Vikram Simha (Student) (75 Points)

13 January 2013

Hi,

I would like to know weather Unabsorbed Depriciation can be claimed for set off, even if returns are not filled within due date ?

And if in returns Unabsorbed Depriciation is not mentioned, can it be claimed as set off in subsequent year(s)?

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2 Replies

Sanket Poddar (B.Com) (28 Points)
Replied 13 January 2013

As per the provision of income tax act, unabsorbed depreciation can be claimed even if the return is not filed within due date.

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Vikram Simha (Student) (75 Points)
Replied 15 January 2013

Thank You For you reply, I would really appriciate if i could get the answer for the 2nd question also:

"if in returns Unabsorbed Depriciation is not mentioned in past year's returns, can it be claimed as set off in subsequent year(s)? "

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