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Can we write back exp of capital in nature

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2014 my boss is telling to write back the exp. of camera purchsed in 2010-11. depreciation has been deducted every year on it. it is rs. around 5 lacs. can i write back.. as per company law and incom tax law.. the transaction is in private ltd. company. it seems to be capital exp in nature..
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Amol S Joglekar

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Amol S Joglekar (Expert)
25 November 2014 No. That should not be done. Ask your boss the reason what he means by writing back capital expensiture and why.
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