depreciation
This query is : Open
12 September 2009
whether depreciation as per Income Tax Act can be claimed even if no depreciation was provided in books as business was discontinued in the previous year
12 September 2009
No, depreciation is not allowable under the Income Tax Act, 1961, if the assesee does not use the asset for the purpose of carrying on the business or profession...
12 September 2009
What if i have offered income for tax in that year i.e. year of discontinuance?
Like there is sale of goods but no production from the asset nor any purchases were made. sale was made from Op. Stock...
Still can depreciation be claimed under I.T. act?
Like there is sale of goods but no production from the asset nor any purchases were made. sale was made from Op. Stock...
Still can depreciation be claimed under I.T. act?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- LTCG for Assmt year 26-27
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
