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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Unabsorbed depreciation can be carried forward (for any number ...

Income Tax

July 1, 2016

Unabsorbed depreciation can be carried forward (for any number of years) and set off against the profits and gains of subsequent years.

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  2. Period of limitation for carrying forward of Unabsorbed depreciation loss prior to assessment year - once the Circular No.14 of 2001 clarified that the restriction of 8...

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