Please Help: query query
Posted Date : 08-Dec-2012 , 04:14:49 pm | Posted By: Ravi Sanguri
Category :
Income Tax | Answers :
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Comments :
3| Hits: 171
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Can unabsored depreciation be adjusted against salary income |
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Answers:
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 Answer by: Siddharth Bumb |
| really nice question.
I had also doubt on this issue later on CA S B Zaware sir clarified it. Unabsorbed depreciation cannot be adjusted against salary income
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| Answer by: Mrattunjay |
| Not possible
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| Answer by: Anmol Goyal |
| Its not possible..
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| Comments |
| Posted By : Sumit Chadha |
14-Dec-2012, 12:20:18 |
| it can be adjusted.. |
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| Posted By : RAKESH JAIN |
13-Dec-2012, 10:55:19 |
| Not at all. Because Business losses can not be set off against salary Income |
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| Posted By : Bhaskar |
12-Dec-2012, 12:44:08 |
| yes the unabsorbed depreciation can be set of from any head (i.e. salary also) and it can be set-off even tough the return has been filed belated. |
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