Depreciation

This query is : Resolved 

19 May 2008 A company which was in business till financial year 2003-04 was claiming depriciation under Companies Act but stopped activities in that year and did not put its P&M to use in the financial year 2004-05. Can it claim depreciation for the FY 2004-05 and onwards.

IF yes please give me the Sec No.

19 May 2008 Your query has already been answered.



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