Deprecation Chart Data Feeding (as per IT Act)

ExpressITR || Deprecation Chart Data Feeding (as per IT Act)


Deprecation Chart Data Feeding (as per IT Act)

Step 1: Access the ITR Summary
  1. Log into the client’s profile in Express ITR.
  2. In the ITR Summary section, click on Return Flow to proceed.
      

Step 2: Open the Business Profession Section
  1. Navigate to the Business Profession section.
      

Step 3: Enter Depreciation Details in the Consolidated Schedule
  1. Open Consolidated Schedule BP and locate the Depreciation as per Income Tax option.
      
      
  1. Open the annexure and add information for all depreciable assets. Use the (+) button to select the appropriate depreciation rate, and provide details such as Opening Balance, Additions, Deletions, and any other relevant information.
      

This guide should assist you in accurately entering the depreciation details as per the Income Tax Act.