Hi members
Please suggest solution to this. Profit before Deprecation - Rs. 2.40 lacs, Depreciation - Rs 4.00 lacs. Now the balance Rs. 1.60 will be business loss or unabsorbed depreciation? How to show this in ITR-3?
Thanks
Anitya ( ) (287 Points)
01 February 2019Hi members
Please suggest solution to this. Profit before Deprecation - Rs. 2.40 lacs, Depreciation - Rs 4.00 lacs. Now the balance Rs. 1.60 will be business loss or unabsorbed depreciation? How to show this in ITR-3?
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173467 Points)
Replied 01 February 2019
Unabsorbed Depreciation
Anitya
( )
(287 Points)
Replied 01 February 2019
Sir, how it in ITR-3. ITR Utility is taking it as Business Loss and charging late fee of Rs. 1000.00.
A B Kundu
(Professional)
(1422 Points)
Replied 01 February 2019
Anitya
( )
(287 Points)
Replied 01 February 2019
Unabsorbed Dep. Sch. is not allowing to enter the amount.
sukanya
(Student CA Final )
(45 Points)
Replied 01 February 2019
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 01 February 2019
Anitya
( )
(287 Points)
Replied 01 February 2019
Dear Sukanya, can this loss be carried forward to AY 2019-20 as return is being filed after due date, in Feb. 2019.
Priya Kashyap
(Student)
(7053 Points)
Replied 19 March 2019
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)