setoff business loss & Depreciation loss

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....etoff business loss & Depreciation loss<br> Query (Issue) Started By: - Dwarakanath sriknatiah Dated:- 13-9-2012 Last Reply Date:- 15-9-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>I have both bu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....siness loss and depreciation loss from 2002/03 on wards till 2007/08 Profits from the 2008/09 on wards. Pl advice whether business loss to be adjusted against the profit first against carry forward ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....losses first? and then to adjust depreciation loss? Reply By CA GOPALJI AGRAWAL: The Reply: Carried forward business loss is adjusted first before unabsorbed depreciation u/s 32(2). Reply By Jyoti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sahoo: The Reply: yes am agree with Mr.Gopaji.<br> Discussion Forum - Knowledge Sharing ....