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setoff business loss & Depreciation loss, Income Tax |
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setoff business loss & Depreciation loss |
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I have both business loss and depreciation loss from 2002/03 on wards till 2007/08 Profits from the 2008/09 on wards. Pl advice whether business loss to be adjusted against the profit first against carry forward losses first? and then to adjust depreciation loss? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Carried forward business loss is adjusted first before unabsorbed depreciation u/s 32(2).
yes am agree with Mr.Gopaji. Page: 1 Old Query - New Comments are closed. |
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