Easy Office
LCI Learning

Depreciation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 October 2012 Whether depreciation is to be shown compulsorily. If I do not claim depreciation on fixed assets, what are the consequences ?
Profile Image

Pankaj Gupta

Profile Image

Pankaj Gupta (Expert)
08 October 2012 As per explanation 5 to sec 32(1) , it is mandatory to claim depreciation. It is mandatory for the assess to claim depreciation. It shall be allowed whether or not it has been claimed as deduction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links