Depreciation

This query is : Resolved

venkat (Querist)
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15 July 2008 as iam company, i am claiming depr as per compan act 100% every Year, But as per IT i didn't Claim ,now i realised we can claim as per IT also,whether can i Claim for Previous years also OR only for Current Year.pls SHOW PATH,thnks.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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15 July 2008 Hi venkat,

If you have already filed yor retur for the last year, you can do so by revising the return for the last year.

If you would like to take for the current year, you can do so by calculating the dep. on the WDV.

Rgds/
Vineet