How to disclose unabsorbed depreciation in profit and loss a

depreciation total amount is to be shown in profi and loss account.

then if the loss is more than the amount of depreciation then total deprection is unabsorbed and remaining loss is businee loss.

if loss is less than depreciation then the total loss is unabsorbed.

there is no separate presention but to be maintained separately for income tax coomputations

My Business loss before claiming Depreciation is 5000

and Depreciation is 50000

 

How to disclose in profit and loss account and in statement of total income?

 

In the profit and Loss account you will have a total loss of 55000 and in the statement of total income you have to show loss 5000 as business loss and 50000 as unabsorbed business loss

In the profit and Loss account you will have a total loss of 55000 and in the statement of total income you have to show loss 5000 as business loss and 50000 as unabsorbed depreciation

Partnership firm is real estate but real estate business not started. For the time being it is carrying on agricultural activities.

Can unabsorbed depreciation in case of agricultural business be carried forward and set off against Real estate business profit in future?

As agriultural income is exempt then depreciation cannot be carried forward by virtue of sec 14A. But if agricultural is partially taxable as per rules then only apportionable expense can be claimed and if depn is apportionable then same can be carried forward. The wdv has to be calculated as per sec 43 (6).