I have a query on Reduction of Depreciation in ITR 6. In ITR 6 as we put data for Opening Bal, Additions, Tranfers , depreciation is auto calculated in DPM_DOA sheet.
Now for some reason, I need to adjust the depreciation amount so calculated For eg., if the Opening Balnce is Rs 100, Additions more than 180 days is Rs 200/- and sale is Rs 50/- and rate of Dep is 15% then the ITR 6 is calculating the depreciation as Rs 38/- .
It is correct. But for some errors in last year, I need to revese Rs 15/- depreciation amount i.e actually I have to claim Depreciation for Rs 23/- only for Fin Yr 2009-10 and not Rs 38/-
Since Opening balance is as per last year Return, I need to keep it same.
So How to resolve the issue?
The cell related to Additional Depreciation on 4 or 7 does not allow to enter negative amount.
Waiting for Experts opinion / comments.
Regards
Sujit
CAclubindia
