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Depreciation

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(Querist)
04 March 2009 Is depreciation deduction mandatory in case of partnership firms
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
04 March 2009 Yes, as per Section 32 it is mandatory to claim depreciation for any assessee.
The same question hase been asked in PCC Nov.2008.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
04 March 2009 Yes.
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