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Unabsorbed depreciation shall be allowed to be carried forward for any number of years and such carried forward unabsorbed depreciation may be set off against any income, other than ____________________________________________________________

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Related Test: CMA Intermediate Exam: Direct Taxation


1. Unabsorbed depreciation shall be allowed to be carried forward for any number of years and such carried forward unabsorbed depreciation may be set off against any income, other than ____________________________________________________________





 
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