Poonawalla fincorp
Poonawalla fincorp

Carried over Depreciation loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2010 In on line filing company's IT returns, the provision to enter the carried over depreciation loss is not available more than 8 years. The carrried over Business loss only will be adjusted with in 8 years. But there is no time restriction for depreciation losses. I have entered depn losses before 8th year in the 8th years column. whether it is correct. or is there any change in time limit for depn losses.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
01 November 2010 yes it is correct.
As there is no column the figure should be entered in the 8th year column.

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