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Depreciation

This query is : Resolved 
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(Querist)
17 May 2014 IS CHARGING DEPRECIATION MANDATORY FOR ALL THE BUSINESS UNIT (ESPECIALLY FOR FIRM)?
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Yogesh Shukla

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Yogesh Shukla (Expert)
17 May 2014 Yeah it is mandatory
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Sandeep Dharar

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Sandeep Dharar (Expert)
17 May 2014 Yes if the Assets is not written off then it is mandatory.
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Ronak

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Ronak (Expert)
18 May 2014 Depreciation is amandatory. We dont have right or a option to claim it or not.
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shivbhadra

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shivbhadra (Querist)
21 May 2014 IS THERE ANY SECTION OF IT OR ANY OTHER ACT OR ANY ACCO. STAN. AVAILABLE WHICH MANDATE CHARGING DEPRECIATION FOR FIRM?
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Yogesh Shukla

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Yogesh Shukla (Expert)
21 May 2014 This is being provided in AS-6
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Rupesh Jain

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Rupesh Jain (Expert)
22 May 2014 as per income tax act and under company it is compulsory on used and eligible assets for charging the depreciation.

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