Depreciation

This query is : Resolved 

30 August 2017 It is a pvt ltd Company and the Ay is 2017-18 ( Fy Year Ending 31st March 2017). Whether depreciation on purchase of fixed assets from URD { Unregistered Dealer } is allowable ?

30 August 2017 If you have proper documents evidencing ownership, then depreciation will be allowed.

30 August 2017 The buyer has purchased in cash by way of splitting (10,000 three times ). There is no documentary evidence also. I think we will have to pay tax on purchase for claiming depreciation.




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