Set off Losses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 November 2010
Any body can tell this
A.Y.-2008-09 Business Loss is Rs.150000
A.Y.- 2009-10 Profit as per p&l a/c- 25000
After adding back of inadmisssibe exp.now in a.y.2009-10-unabsorbed depreciation is Rs.100000, how can i adj now, is it possibble to adjust Rs.150000/- above sai bus.loss ag.Rs.25000/- profit or i have to adjust current year's depreciation rs.100000, please tell me
thanks advanceeee
A.Y.-2008-09 Business Loss is Rs.150000
A.Y.- 2009-10 Profit as per p&l a/c- 25000
After adding back of inadmisssibe exp.now in a.y.2009-10-unabsorbed depreciation is Rs.100000, how can i adj now, is it possibble to adjust Rs.150000/- above sai bus.loss ag.Rs.25000/- profit or i have to adjust current year's depreciation rs.100000, please tell me
thanks advanceeee
01 November 2010
yes, you have to adjust current year's depreciation 100000
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