Adjustment of depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2013
Sir
I m running a manufacturing unit and deducting the depriciation of machinery , but suppose my depriciation for a.y 2012-13 is higher than my profit than how will i treat the depriciation.
Thanks & Rgds
Mukesh
I m running a manufacturing unit and deducting the depriciation of machinery , but suppose my depriciation for a.y 2012-13 is higher than my profit than how will i treat the depriciation.
Thanks & Rgds
Mukesh
CA.Sourabh Sethia
(Expert)
16 February 2013
the same has to be treated as Depreciation Loss (Unabsorbed Deprceiation Loss)
it will not be considered as Business Loss
and the same could be carried forward and can be set off with any income (except salary)
it will not be considered as Business Loss
and the same could be carried forward and can be set off with any income (except salary)
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