Section 71 - Carry Forward of Depreciation Allowance
(1) If any depreciation allowed under this Act is not fully charged as an expenditure against the gross income of a tax year, it shall be added to the depreciation of the next tax year.
(2) Any depreciation allowance disallowed for failure to comply with any provision of this Act shall not be carried forward.
(3) Carried forward loss shall be adjust before forward allowance is charged.
(4) Depreciation Allowance may be adjusted fully adjustment is made.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.