unabsorbed depreciation can be carried forward are differences
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5
Explanation:
Unabsorbed depreciation can be carried forward for indefinite period and can be set off against any other income (other than salary). The unabsorbed depreciation can be carried forward even if the business related to such depreciation have been dis-continued.
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8
Explanation:
For the period between AY 1997-98 and AY 2001-02, the law was amended to permit unabsorbed depreciation to be carried forward only for a period of eight years.Unabsorbed depreciation can be carried forward for indefinite period and can be set off against any other income (other than salary). The unabsorbed depreciation can be carried forward even if the business related to such depreciation have been dis-continued.
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