Unabsorbed depreciation

RAJASEKHAR (Article Assitant) (126 Points)

31 August 2015

dear all, the company sold all assets during the year can company carried forward the unabsorbed depreciation

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4 Replies

Keerthana (STUDENT) (79 Points)
Replied 31 August 2015

When all the assets are sold STCG / STCL will arise . It needs to be computed according ro Sec 50 (2) No depn

Hitesh Khanna (Accounting & Finance Taxation Company Law Audit ) (839 Points)
Replied 31 August 2015

No carry forward of unabsorbed depreciation allowed in case of slump sale.

RAJASEKHAR (Article Assitant) (126 Points)
Replied 01 September 2015

Friends no slump sale and I am talking about the unabsorbed depreciation

Keerthana (STUDENT) (79 Points)
Replied 06 September 2015

Unabsorbed depriciation can be carried forward n no of years , this can also be set off aginst income from salary also

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