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Unabsorbed Depreciation

Direct Taxation

Can we show profit by ignoring the depreciation as unabsorbed depreciation while computing profit. If yes then where should I show this unabsorbed depreciation in my statements of P&L or B/S

sai krishna teja

CA Inter

★ 940

02-Apr-21 09:02

316

Answers (3)

You have to claim depreciation if you have profit

Sudha Reddy

CA Final

★ 20K+

02-Apr-21 09:27

So instead of showing loss I can adjust the depreciation against profit and make my profit as zero and where should I show the left over depreciation amount in my statements

Thread Starter

sai krishna teja

CA Inter

★ 940

02-Apr-21 12:51

Thread Starter

sai krishna teja

So instead of showing loss I can adjust the depreciation against profit and make my profit as zero and where should I show the left over depreciation amount in my statements

In which statement

Sudha Reddy

CA Final

★ 20K+

02-Apr-21 12:51