Rahul Sharma (24 Points)
25 December 2017
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 25 December 2017
How you calculated depreciation as per rules 5(1) and Appendix I of the Income tax rules . Is the amount is correct ?
manisha
(cs)
(1118 Points)
Replied 25 December 2017
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 25 December 2017
Unabsorbed depreciation of Rs. 2,50,000 will carried forward to next year and deducted while computing income of next year.
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 25 December 2017
Just deduct depreciation to the extent of profit of the current year and remaining depreciation is called unabsorned depreciation. In Your case unabsorbed depreciation is 2,50,000 (i.e. 20,50,000 - 18,00,000)****************************************************************************************************************************************
Pardeep Garg
(CA-Final Student)
(801 Points)
Replied 25 December 2017
CAclubindia
