Some doubt?.

Sajeetha R

When the profit is not sufficient, for claiming/deducting depreciation in the FY ., Unclaimed depreciation can be carried forward to next FY.,and deducted from the profits of that year... Eg: current year profit 50,000(20x1- X2) Depreciation 70,000 Unclaimed depreciation is 20,000(carried forward to upcoming year) Profit (20x2-x3). 100,000 Depreciation (20x2-20x3) 40,000 Unaborbed depreciation. 20,000 Balance profit 20,000

Sajeetha R

Balance profit is 40,000 in next year not 20,000