Monday, December 15, 2008

Unabosrbed Depreciation.

hi friend,
here is answer to your question.
For the Unabsorbed Depreciation means, the amount of depreciation which you have not claimed due the lack of sufficient profit to the cliam depreciation. i.e. let us say last year depreciation as per IT Act is Rs. 100,000/- and profit available is Rs. 50,000/-. In this case you can charge cliam depreciation only upto 50,000/- and the balance wil be carried to next assessment year for claiming the same as unabsorbed depreciation.

Incase you still have any queries, just give me a post.

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