Unabsorbed depreciation
This query is : Resolved
10 March 2016
Dear Friends / Experts,
Please guide me on the following, IF POSSIBLE:
Following is the position of a Firm for AY 2014-15:
Taxable income Rs.35000/-
Less: Income Tax Depreciation Rs.90000/-
Hence, Loss Rs.55,000.
Query
Whether I can fill IT Depreciation Rs.90000/- in the Schedule Unabsorbed Depreciation
or
I should fill only Rs.55000/- in the Schedule Unabsorbed Depreciation
or
I need not fill either amounts in the Schedule UD?
Please suggest the appropriate manner to understand..............
Thanks in advance for possible replies from all concerned.
Please guide me on the following, IF POSSIBLE:
Following is the position of a Firm for AY 2014-15:
Taxable income Rs.35000/-
Less: Income Tax Depreciation Rs.90000/-
Hence, Loss Rs.55,000.
Query
Whether I can fill IT Depreciation Rs.90000/- in the Schedule Unabsorbed Depreciation
or
I should fill only Rs.55000/- in the Schedule Unabsorbed Depreciation
or
I need not fill either amounts in the Schedule UD?
Please suggest the appropriate manner to understand..............
Thanks in advance for possible replies from all concerned.
11 March 2016
Rs. 55,000 to be filled in Schedule UD under column ' balance c/fd to next yr.
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