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
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)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill not cancelled within 24 hous what can be due
- Filling ITR - U
- TDS ON EMAIL DOMAIN SERVICE BILL
- Non-Compliance documents have not been submitted by the contractors debited
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
