Unabsorbed depreciation retains its character and can offset house-property income despite absence of positive business income.

Unabsorbed depreciation retains its character and can offset house-property income despite absence of positive business income. https://www.taxtmi.com/highlights?id=102783 Brought-forward unabsorbed depreciation is added to current-year depreciation and retains the character of depreciation, allowing set-off against income under other taxable heads. Its availability does not depend on the existence of positive business income. Accordingly, unabsorbed depreciation may be set off against income from house property, consistent with the principle that it can be carried forward and adjusted against other taxable income. en-us Tue, 18 Aug 2026 09:32:04 +0530 Tue, 18 Aug 2026 09:32:04 +0530 TaxTMI RSS Generator Unabsorbed depreciation retains its character and can offset house-property income despite absence of positive business income. https://www.taxtmi.com/highlights?id=102783 Brought-forward unabsorbed depreciation is added to current-year depreciation and retains the character of depreciation, allowing set-off against income under other taxable heads. Its availability does not depend on the existence of positive business income. Accordingly, unabsorbed depreciation may be set off against income from house property, consistent with the principle that it can be carried forward and adjusted against other taxable income. Highlights Income Tax Tue, 18 Aug 2026 09:32:04 +0530 https://www.taxtmi.com/highlights?id=102783