Unabsorbed depreciation which could not be set off in the assessment year in which it arose, can be carried forward for:

CS Executive · Tax Laws · PYQS · December 2024
Unabsorbed depreciation which could not be set off in the assessment year in which it arose, can be carried forward for:
(A) 8 years
(B) Indefinite period
(C) 4 years
(D) 12 years

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act

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