The amount of depreciation not absorbed in the same year can be carried forward —

CS Executive · Tax Laws and Practice · PYQS · December 2016
The amount of depreciation not absorbed in the same year can be carried forward —
(A) For a period of 4 years
(B) For a period of 8 years
(C) For a period of 6 years
(D) Indefinitely.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic