Proprietorship firm got converted to partnership. Hence depreciation on assets was divided based on number of days of each entity.
Now while filing ITR 5 for partnership, how to capture less than 100% depreciation? We have written proportionate depn in cell (Proportionate depn in case of succession). However, net block amount is not considering proportionate depn amount. It is still showing the amount after deducting full depn amount from opening value. How to resolve this? There will be a mismatch between net block as appearing in depn schedule and that in balance sheet....
Further how to capture transfer of assets in proprietorship return..In which cell values should be written so that net block reduces to zero.
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