Unabsorbed depreciation
This query is : Resolved
10 August 2013
sir, a company having unabsorbed dep. of f/y 2011-2012 amounting to Rs. 40,000
now in f/y 2012-13 company's profit = Rs 2 lacs
due to application of mat there is no benefit of unabsorbed depreciation during f/y 2012-13
sir my question is: is it mandatory to claim unabsorbed depreciation if profits are available??
now in f/y 2012-13 company's profit = Rs 2 lacs
due to application of mat there is no benefit of unabsorbed depreciation during f/y 2012-13
sir my question is: is it mandatory to claim unabsorbed depreciation if profits are available??
10 August 2013
the ans is yes for cal normal business income as per provision of income tax act.
Message likes :
1 times
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- Presumptive income under Income tax act 2025
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
