banner_ad

Charging of depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 January 2018 whether charging of depreciation is optional eventhough asset used in business.
Profile Image

Renu Goyal

Profile Image

Renu Goyal (Expert)
10 January 2018 No depreciation will be available whether or not the assessee claim.
Profile Image

Tina Jain

Profile Image

Tina Jain (Querist)
10 January 2018 ok, and what if in earlier years , assessee was calculating his business income on presumptive basis under section 44AD so was not charging depreciation, and now he is maintaining books of accounts then that asset will be taken in books at historical cost or wdv need to be calculated for past those years when 44 AD adopted
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
11 January 2018 Need to calculate WDV.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details