DEPRECIATION TRANSFERRED TO ASSETS INCOME

Akhil Omar (1 Points)

06 December 2021  

HELLO EVERYONE, I HAVE ASSETS (TRUCK AND OTHER COMMERCIAL VEHICLES) WORTH RS.1CRORE. THE DEPRECIATION FOR THIS YEAR IS 30,00,000. BUT AMOUNT OF DEPRECIATION TRANSFERRED TO TRUCK INCOME. IN PROFIT AND LOSS ACCOUNT, DEPRECIATION IS 0 BUT IN SCHEDULE DEP OF ITR-3, THERE IS A DEPRECIATION OF 3000000. SO, PLEASE SUGGEST ME HOW TO ADJUST THIS 3000000 IN ITR-3.