setoff business loss & Depreciation loss

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..... setoff business loss & Depreciation loss
Query (Issue) Started By: - Dwarakanath sriknatiah Dated:- 13-9-2012 Last Reply Date:- 15-9-2012 Income Tax
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Income Tax
I have both b .....

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..... usiness 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 .....

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..... losses first? and then to adjust depreciation loss? Reply By CA GOPALJI AGRAWAL: The Reply: Carried forward business loss is adjusted first before unabsorbed depreciation u/s 32(2). Reply By Jyot .....

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..... i Sahoo: The Reply: yes am agree with Mr.Gopaji.
Discussion Forum - Knowledge Sharing .....

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