Depreciation
This query is : Resolved
Querist : Anonymous
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 ?
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.
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