23 August 2012
One of my client being a Private Ltd Co. having Book loss of Rs.22,52,036/- for the Ass. Year 2012-13 relevant to F.Y.2011-12. This Book Loss after providing Depreciation as per Comapnies Act on SLM basis of Rs.3,81,445/- Moreover the Depreciation as per I.T.Act is Rs.23,63,364/- including Addtional Depreciation On Plant & Machinery as per section 32 (2) of I.T Act. Now based on that the Business Loss for said Asstt.Year is Rs.42,33,955/-being carried forward for next Asstt.Year.
Hence query is how much Business Loss & unabsorbed Depreciation for the said Asstt.Year is to be shown in ITR-6 so far Schedules realted to Carried forward of Business Losses and Unabsorbed Depreciation is concerned for the said Asstt.Year.
I know that the above mentioned figures have to shown as Business Loss & Unabsorbed depreciation respectively.But my actual Query is how to disclose the same in ITR-6 so far Corporate Assesse is concerned particularly in Schedule CYLA and UD Schedule respectively in Excel Format. Please check and revert back.
CAclubindia
