Unabsorbed depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2015 I am having business loss of partnership before claiming depreciation as 5000, and unabsorbed depreciation loss is 50000.

How to show the same in Profit and loss accounts and statement of taxable income?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 November 2015 Charge depreciation to P&l account the business loss will be 55000 and in the statement of taxable income show carried forward business loss as 5000 and carried forward unabsorbed depreciation as 50000.