Unabsorbed depreciation in itr 5
This query is : Resolved
10 October 2018
Dear sir
Loss from busiess after dep is 550000 and eligible dep is 190000. While filing ITR 5 how to disclose the carry forward of unabsorbed depreciation? Whether the same is to be shown as Business Loss under Schedule CFL. Please help.
Second query is
Do we need to give ITC balances of GST credit in Part A - OI. If yes, is there any impact on taxability or its just for information purpose. The accounts are audited u/s 44AB
Loss from busiess after dep is 550000 and eligible dep is 190000. While filing ITR 5 how to disclose the carry forward of unabsorbed depreciation? Whether the same is to be shown as Business Loss under Schedule CFL. Please help.
Second query is
Do we need to give ITC balances of GST credit in Part A - OI. If yes, is there any impact on taxability or its just for information purpose. The accounts are audited u/s 44AB
10 October 2018
Unabsorbed depreciation to shown in 'schedule UD'.
GST credit balance as in Balance sheet to shown in Clause 12 of Part A - OI and
it is for information only.
GST credit balance as in Balance sheet to shown in Clause 12 of Part A - OI and
it is for information only.
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