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Carry forward of unabsorbed depreciation

This query is : Resolved 
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(Querist)
03 October 2010 hello friends.

we have filed inc. tax return of our client for a.y.10-11 in this month(oct-10)

profit & loss a/c
by sales-400000
to pur-300000
to exp-200000
to dep-15000
net loss=115000

my query is since the return has been filed late the business loss cannot be carried forward, so what is the meaning of unabsorbed depreciation and can the dep be carried forward.

Thanks in advance
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Jitender

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Jitender (Expert)
03 October 2010 here the profit are less to even absorb the depreciation. the whole amount of dep of rs 15000 is unabsorbed dep & will be carried forward & set off.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 October 2021 Yes unabsorbed depreciation is allowed to be carried forward, even for belated return filed.
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