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of <h1>Unabsorbed Depreciation and Capital Expenditure Can Be Carried Forward for Future Tax Deductions Under Income Tax Rules.</h1> Unabsorbed depreciation, unabsorbed capital expenditure on scientific research, and unabsorbed capital expenditure on promoting family planning among employees refer to expenses that exceed the income of a particular year under 'Profits and gains of business or profession' in income tax computation. These unabsorbed expenses can be carried forward to subsequent years. This allows individuals or companies to claim deductions in future years when their income is sufficient to absorb these expenses, ensuring they benefit from the incurred costs even if they exceed the income in the year they were incurred.
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