Hardeep Singh (CHARTERED ACCOUNTANT) (205 Points)
10 October 2018Hi..My query is - Loss from busiess after dep is 550000 and eligible dep is 190000. While filing ITR 5 how to disclose the carry forward of unabsorbed depreciation? Whether the same is to be shown as Business Loss under Schedule CFL. Please help.
Second query is Do we need to give ITC balances of GST credit in Part A - OI. If yes, is there any impact on taxability or its just for informatiom purpose. The accounts are audited u/s 44AB
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 10 October 2018
A B Kundu
(Professional)
(1422 Points)
Replied 10 October 2018
In the schedule CFL the total business loss figure will be reflected and after that you have to put the unabsobed deprecation figure in the respective field.
CAclubindia
