01 August 2012
Next Year U Get Dep Claim on Reduced Rate of WDV Under IT Act. and No Such Issues Even Tax Audit Applicable to u.No Such Reporting Under Sec 32. Only Bar is Next Year Dep Claim.
01 August 2012
if tax audit is not applicable then the issue of claiming depreciation will not arise it will be considered as deduction taken since the profit will be calculated by 8 % of turnover therefore if tax audit is not applicable nothing required
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