tax experts questions

 in earlier discussion i,ve maintained my stance on unabsorbed dep.

1.LTCG u/s 112 and STCG u/s 111A is to be deducted while computing gross total income.

2.yes

3.no it can't

thanxx kabirsen  for replying my queries ...................but I am in case of unabsorbed depreciation as you said unabsorbed is governed u/s 32(2) so it comes under the category of pgbp , loss under pgbp can't be set off against salary.If there is no business loss then unabsorbed depreciation is merged with current year depreciation u/s 32(2) and current year business loss can't not against under the head salaey.so I unabsorbed depreciation can't be set against salary.

thanxx kabir

ravi

thanxx poonam for replying ans of ques. no. (1) I think you study from V K Singhania in this book income referred to in section 115BB was not deducted .So pls clerify it.

thanxxx 

ravi