Business and profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2012
my company has purchased machinery on which company has paid installation fees which has been capitalised. but co has failed to deduct T.D.S. according to Income tax this will be disallowed . But my query is that since it is in capital nature , should deprecation to that extent be disallowed?
vijayakumar.sure
(Expert)
22 June 2012
Since the instillation fee is reduced from capitalisation, how can you take depreciation on that particular instillation fee? so u can't..
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