Computation of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2014
if in any financial year suppose f.y.13-14 no trading business were transacted and only interest income earned but in the previous year f.y 12-13 company had earned both income from trading business and interest .In F.y.13-14 can the depreciation as per IT will be calculated even if no trading business income . what effect of depreciation will be given in computation of income?
20 November 2014
You can claim depreciation even if there is no business income and adjust it against interest income in the computations.
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