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Income from house property(computed) - 7 lakh Non Speculative business income - 5 lakh Brought forward business loss - 4 lakh Long term capital gain on sale of listed shares- 5 lakhs Unabsorbed depreciation - 4 lakh (As per income tax act an unabsorbed depreciation can be set up against any head of income except salary) The doubt is after subtracting business income of 5 lacs with brought forward business loss of 4 lakhs - remaining will be 1 lakhs -- unabsorbed depreciation will be subtracted from the remaining 1 lakh which leads business income "0". The question is the remaining unabsorbed depreciation is to be set up against long term capital gain or income from property?? And if we set of against long term capital gain then is leads less tax liability whether it is correct or not?

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