can we set off unabsorbed dep agAINST SALARY? SITE ANY CASE LAW IF POSSOIBLE?
CA vaibhav (no) (111 Points)
26 June 2012can we set off unabsorbed dep agAINST SALARY? SITE ANY CASE LAW IF POSSOIBLE?
sandhya
(nil)
(58 Points)
Replied 26 June 2012
I think salary income doesnot setoff aganist any loss except loss from house property
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 26 June 2012
Regards,
Siddharth Bumb
sidbumbhelp @ gmail.com
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 26 June 2012
@ Disha can yu elaborate to clarify ?
CA vaibhav
(no)
(111 Points)
Replied 26 June 2012
IN READY RECNOR IT HAS BEEN STATED SET OFF NOT ALLOWED AFTER AY 05-06.. PLZ STATE CASE LAW.AFTER AY 05-06
CA vaibhav
(no)
(111 Points)
Replied 26 June 2012
STILL NOT CLEAR ABOUY SET OFF .. KOI TO PAKKA SABUT DE DO
CA Karan Lodhi
(CA and B.com(hons.))
(879 Points)
Replied 27 June 2012
Unabsorbed depreciation of previous years can be set off against salary income for unlimited period of time. This is an exceptional case.
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