Unabsorbed depreciation of current year and earlier year as ...

Unabsorbed depreciation can offset "Income from Other Sources" per Section 68, but loss deduction disallowed from 2017-18 onward.

May 21, 2018

Case Laws Income Tax AT

Unabsorbed depreciation of current year and earlier year as allowable against income under the Head “Income from other sources” being disclosed/assessed u/s 68 - w.e.f. A.Y. 2017- 2018 any type of loss will not be allowed deduction and this Amendment is not retrospective in nature. - AT

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Unabsorbed depreciation of current year and earlier year as ...

Unabsorbed depreciation can offset "Income from Other Sources" per Section 68, but loss deduction disallowed from 2017-18 onward.

May 21, 2018

Case Laws Income Tax AT

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