Deprication chart (Businee and profession) - data not importing through balance sheet (Formats)
Deprication chart (Businee & profession Income) - data not importing through balance sheet (Formats)
Possible Solution
In the case of the company, if the depreciation chart is not being imported from the Balance sheet (formats), then it may be because that Block of asset has not been selected.
Open the Income Tax software - Go to Transactions → Balance sheet → Formats >Fixed Asset Chart option given in the menu bar.
Now click on detail of addition (new deprecation chart first time)
Select Block of asset
Now Go into transaction → business and profession → deprecation chart and click on "import from balance sheet"
Hope this Helps
Related Articles
Deprecation calculation as per companies act 2013 in Income Tax
Deprecation calculation as per companies act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, ...
Help file for importing Trial Balance directly from Tally
User can eliminate repetitive work by importing trial balance from Tally directly and can prepare Financial reports like balance sheet, profit and loss, trading account etc. To import the Trial balance from Tally, please follow the steps provided ...
Income Tax || How to Import Trial Balance from BUSY Software
Please export the Excel sheet using BUSY Software. Follow the steps below to export the BUSY Excel file: Export all the data successfully. Import the exported data into the Trial Balance. To import the data, navigate to Transactions → Balance sheet → ...
ODBC error while importing data from Tally software
Software provides an option to import data directly from Tally to IT Auditor Software. Below error message appears when user tries to import trial balance from Tally.ERP 9 to Income Tax Auditor Software. This happens when ODBC and Tally.ERP 9 are not ...
XML Tally Data Import - Tally Prime
To import Trial Balance using XML Tally through Tally Prime, you are requested to please export the Trial Balance and List of account from Tally Prime application and then import the same in Zen IT Software. To Export Trial Balance using Tally Prime ...