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My company has unabsorbed depreciation of Rs4,5...

My company has unabsorbed depreciation of Rs4,50,000 for the P.Y.2019-2020. Can I carry forward t...

My company has unabsorbed depreciation of Rs4,50,000 for the P.Y.2019-2020. Can I carry forward this? If I can carry forward then please advise the heads against which I can set it off?

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Kanishka Dec. 09, 2017

Yes, you can carry forward the unabsorbed depreciation. You can carry it forward indefinite time.


You can't set off this unabsorbed depreciation against salary income.


You can set off the carried forward depreciation against any other head of income like business income, other source income, house propoerty income.

My company has unabsorbed depreciation of Rs4,50,000 for the P.Y.2019-2020. Can I carry forward this? If I can carry forward then please advise the heads against which I can set it off?

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