A company has Rs 1L of Unabsorbed Depreciation in FY 2014-15. Company has PGBP loss of Rs 50,000 and interest income of Rs 2L FY 2019-20.
After offsetting Rs 50,000 loss, the company has interest income of Rs 1.5L.
My question is whether the company can offset Unabsorbed Depreciation of FY 1L. If yes, where we have to show it in the return.
CAclubindia
