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Depreciation

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(Querist)
19 April 2012 Sir,

Is Depreciation compulsory to deduct as expenses for income tax purpose?

Kindly Solve My Query,,

Regards,
Chirag Doshi
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
19 April 2012 As per explanation.5 to section 32 clarifies that if you claimed or not, allowance for depreciation should be given while calculating Income by concerned authority( Mandatory).
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
19 April 2012 Yes. Claiming of Depreciation is mandatory and assessee does not have a choice for it.
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