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Income Tax - Highlights / Catch Notes

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Time limit for carry forward of unabsorbed depreciation – ...


Income Tax Act Amendment: Unabsorbed Depreciation Can Be Carried Forward Indefinitely u/s 32(2.

October 12, 2013

Case Laws     Income Tax     AT

Time limit for carry forward of unabsorbed depreciation – Applicability of amendment in section 32(2) vide Finance Act 2001 – it would be carried forward till the time it is set off against the profits and gains of subsequent years without any limit whatsoever - AT

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