Unabsorbed Depriciation

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Shikha (Querist)
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19 January 2010 In case of a private limited company, if Income tax return of a particular year is not filed, then whether the depriciation of that year as per income tax can be carried forward to the next year even though the return is not filed.

Shikha

Shikha (Querist)
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19 January 2010

Aditya Maheshwari

Aditya Maheshwari (Expert)
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19 January 2010 If you want to claim depreciation then return needs to be filed compulsorily. If return only not filed then the same will not be allowed to be carried forward as not return is filed.

However belated return can be filed and losses can be carried forward even if late return filed.
Here is the discussion on the same. https://www.caclubindia.com/forum/message_display.asp?group_id=58231

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 January 2010 There is no provision in the Act that makes it mandatory for the assessee to a file return for carry forward and set off of unabsorbed depreciation which is to be notified by the AO, as in the case of unabsorbed business loss.
If the AO disagrees, seek shelter of circular 8/2001 and file a belated claim with a request to condone the delay in putting up the claim.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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19 January 2010 agree with Mr. Warrier

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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19 January 2010 Agree with experts.

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