DEPRECIATION
This query is : Resolved
07 June 2010
IF I NOT TAKE DEPRECIATION IN A.Y 2009-10 & I WANT TO TAKE DEPRECIATION IN A.Y 2010-11 ,SO HOW CAN I TAKE THIS DEPRECIATION ?????
PLEASE ADVICE ME ON THIS....
THANK YOU ALL IN ADVANCE.............
PLEASE ADVICE ME ON THIS....
THANK YOU ALL IN ADVANCE.............
07 June 2010
U cannot take previous years depreciation claim in current year as there is no provision as per Section 32 of Income Tax Act.
07 June 2010
Also replied on similar grounds here
https://www.caclubindia.com/forum/depreciation-86308.asp
https://www.caclubindia.com/forum/depreciation-86308.asp
07 June 2010
However u can revise ur return for A. Y. 2009 - 10 and claim depreciation in that year only.
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