Additional depreciation
This query is : Resolved
02 August 2011
IS ADDITIONAL DEPRECIATION MANDATORY?
02 August 2011
nO IT DEPENDS ON THE CONCERNED PERSON AND THE COMPANY TO TAKE ADDITIONAL DEPRECIATION OR NOT IT ALSO DEPENDS ON THE C.A. WHO IS HANDING LING THE MATTER
03 August 2011
thank you sir.
19 March 2012
Mandatory.
Reason is as follows:-
Explantion 5 says...... "this subsection"....
The subsection referred therein is 32(1).
Since additional depreciation under sub section (iia) falls under subsection (1),explanation 5 squarely applies to (iia) meaning thereby addtional depreciation is mandatory.
Reason is as follows:-
Explantion 5 says...... "this subsection"....
The subsection referred therein is 32(1).
Since additional depreciation under sub section (iia) falls under subsection (1),explanation 5 squarely applies to (iia) meaning thereby addtional depreciation is mandatory.
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