Under the Income-tax Act, 2025, unabsorbed depreciation can be carried forward by the same assessee for…
Under the Income-tax Act, 2025, unabsorbed depreciation has no fixed time limit for carry-forward. The unallowed depreciation is carried into succeeding tax years, subject…
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Under the Income-tax Act, 2025, unabsorbed depreciation can be carried forward by the same assessee for a period of
Answer and explanation
Correct answer C
Under the Income-tax Act, 2025, unabsorbed depreciation has no fixed time limit for carry-forward. The unallowed depreciation is carried into succeeding tax years, subject to the applicable set-off conditions.
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Gujarat SET (GSET)