Unabsorbed depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2012
if there is no profit before charging depreciation and we carry f/w the loss including depreciation to next year as well as the unabsorbed depreciation. then there will be double deduction in next year regarding depreciation. how can it be possible? and what shud be its treatment?
20 July 2012
.
Before Providing the Depreciation , Loss is Rs. 10000.
.
Depreciation of Rs 25000 is not included in the 10000. If we include 25000/ the loss becomes 35000.
.
Your confusion is ....
in the next year we will c/fd the loss of Rs.35000/- as well as Depreciation of Rs. 25000/-
.
Whereas....
in the next year we will c/fd the Business Loss of Rs.10000/- as well as Depreciation of Rs. 25000/-. Total will be 35000/ only.
.
Before Providing the Depreciation , Loss is Rs. 10000.
.
Depreciation of Rs 25000 is not included in the 10000. If we include 25000/ the loss becomes 35000.
.
Your confusion is ....
in the next year we will c/fd the loss of Rs.35000/- as well as Depreciation of Rs. 25000/-
.
Whereas....
in the next year we will c/fd the Business Loss of Rs.10000/- as well as Depreciation of Rs. 25000/-. Total will be 35000/ only.
.
21 July 2012
Agreed with Paras Sir
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2012
then how we will show this; in IT return? the computax software is carry forwarding the loss of 35000 as well as the depreciation 25000. it means we have to add the the depreciation first to c/f the loss.
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