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Form 3CD

Binod (Student CA Final ) (113 Points)

08 August 2018

Friends, in case of excess claim of depreciation by an assessee being a proprietorship, where to report it in form 3CD??

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5 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 August 2018

Excess claim as per section 32?

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Binod (Student CA Final ) (113 Points)
Replied 08 August 2018

assessee being a proprietorship depreciation is calculated only on the basis of income tax maam.
where to report this in 3CD ??

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 August 2018

There is no excess depreciation column in 3CD

put entire figure of depreciation in single depreciation column provided in form

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Binod (Student CA Final ) (113 Points)
Replied 08 August 2018

Reporting under clause 13(d) is required regarding ICDS-V as different depreciation rate that the assessee has applied , I think so.
but thank you mam for your relevant views.

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 August 2018

Originally posted by : Binod
	Reporting under clause 13(d) is required regarding ICDS-V as different depreciation rate that the assessee has applied , I think so.but thank you mam for your relevant views.