Please tell me wheteher UNABSORED DEPRECIATION is set off against SALARY or not.
Harish Dhamija (Student) (32 Points)
09 May 2009Please tell me wheteher UNABSORED DEPRECIATION is set off against SALARY or not.
M.M.SURANA
(Director -Taxation )
(532 Points)
Replied 09 May 2009
It can not be set off with Salary from the A.Y.2005-06, even any other business loss can not be set off with Salary Income from the A.Y.2005-06
Surana, Chennai
9952967237
Harish Dhamija
(Student)
(32 Points)
Replied 09 May 2009
| Originally posted by :M.M.SURANA | ||
| " | But According To CA Rajesh Sharma Unabsored Depreciation is setoff agnst. salary But bussiness loss is canot setoff agnst. salary | " |
M.M.SURANA
(Director -Taxation )
(532 Points)
Replied 09 May 2009
Mr. Harish
As I hav already mentioned, ther is amendment. form the A.Y. 2005-06 it can not be set off . for More detail U can read chapter Rule of Carry Forward of Loss
surana Chennai
9952967237
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 09 May 2009
only business loss can be set off from salary but not unabsorbed dep.
Bidisha Choudhury
(Ca final)
(244 Points)
Replied 09 May 2009
business loss cannot be set off from salary.............same is the case for unabsorbed dep. it cannot be set off agnst salary, casual income
Sakshi Chanana
(Article)
(141 Points)
Replied 09 May 2009
No Unabsorbed Depreciation cannot be setoff Salary.
Harish Dhamija
(Student)
(32 Points)
Replied 09 May 2009
| Originally posted by :Manish | ||
| " | Wrong sir, business loss cannot be set off from salary. | " |
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 09 May 2009
"only business loss can be set off from salary but not. unabsorbed dep". wrrongly written
correct is that Unabsorbed dep. can be set off from any head including salary.
Isha Gupta
(Chartered Accountant)
(180 Points)
Replied 09 May 2009
Unabsorbed Depreciation cannot be set-off Salary.
no doubt abt it
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 09 May 2009
i read in the book that it can b set off from salary
vijay
(.)
(212 Points)
Replied 09 May 2009
hi...
Yes, Unabsorbed depreciation can be set off from salary income.
Regards
Vijay Kumar
CA FaIyaZ PaTrAwaLa
(CA)
(276 Points)
Replied 10 May 2009
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
