Adjustment of depriciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2013 Sir

I m running a manufacturing unit and deducting the depriciation of machinery , but suppose my depriciation for a.y 2012-13 is higher than my profit than how will i treat the depriciation.

Thanks & Rgds

Mukesh

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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16 February 2013 the same has to be treated as Depreciation Loss (Unabsorbed Deprceiation Loss)
it will not be considered as Business Loss
and the same could be carried forward and can be set off with any income (except salary)