Depriciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2010 Dear Experts,
Please ell me if I have a furniture of rs. 30000/- from 2006-2007 in my business and I am not charging dep. till 2008-2009. Do I charge dep. from now or not ? If yes then what amount I have to charged on Furniture & fixtures ?

thanks in advance

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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18 March 2010 from the A.Y. 02-03 Dep. under sec. 32(1)will be available whether or not the assessee has claimed, the ded'n for dep. while computing his total income.

30000-3000-2700-2430=21870 now u can claim rs. 2187/- as dep in current year