Unabsorbed depreciation

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SOUMYA HAZRA

SOUMYA HAZRA (Querist)
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13 November 2013 What is Unabsorbed Depreciation? How it will treat in accounts ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 November 2013 Unabsorbed depreciation is that portion of depreciation, which has not been absorbed in the taxable income due to the higher amount of depreciation against lower / -ve taxable income. In such a situation ,that portion of depreciation, which is unabsorbed, will be carried forward to be absorbed against future taxable income.

However, no adjustments / entries need to be done /passed in the books of accounts because it is an item to be considered out of the books for arriving taxable income.

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