What are the provisions framed under the Income-tax Law relating to set off of unabsorbed depreciation, unabsorbed capital expenditure on scientific research and unabsorbed capital expenditure on promoting family planning amongst the employees? https://www.taxtmi.com/manuals?id=4169 Depreciation is deductible under Profits and gains of business or profession, and any unabsorbed portion is carried forward and deemed part of depreciation for the next year. For set off, adjustments follow a three-tier priority: first current scientific research expenditure, family planning expenditure and current depreciation; second brought forward business loss; third unabsorbed depreciation and unabsorbed capital expenditure on scientific research or family planning. en-us Mon, 25 Dec 2023 17:23:00 +0530 Mon, 25 Dec 2023 17:23:00 +0530 TaxTMI RSS Generator What are the provisions framed under the Income-tax Law relating to set off of unabsorbed depreciation, unabsorbed capital expenditure on scientific research and unabsorbed capital expenditure on promoting family planning amongst the employees? https://www.taxtmi.com/manuals?id=4169 Depreciation is deductible under Profits and gains of business or profession, and any unabsorbed portion is carried forward and deemed part of depreciation for the next year. For set off, adjustments follow a three-tier priority: first current scientific research expenditure, family planning expenditure and current depreciation; second brought forward business loss; third unabsorbed depreciation and unabsorbed capital expenditure on scientific research or family planning. Manuals Income Tax Mon, 25 Dec 2023 17:23:00 +0530 https://www.taxtmi.com/manuals?id=4169