Wanted to know is there any way we could automate the Unabsorbed Depreciation calculation in TRCS?
Hi, there is a specific requirement for computation of Unabsorbed Depreciation and carry forward of the same in TRCS implementation, is there any workaround available for the same. The Book and Tax Depreciation amounts are same for this Jurisdiction, we just need to bifurcate the Total tax loss which gets computed automatically in the system basis if there is a tax loss during the year into 2 parts, 1 will be Unabsorbed Depreciation which will get carry forward to Infinity and 1 will be Tax Loss which will get Carry forward to 4 years.
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