Depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2012 An assessee claimed depreciation for the Asst year 2010-11 but not claimed any depreciation in the next assessment year i.e., 2011-12

But now for the assessment year 2012-13 he wants to claim depreciation.In this case what will be the written down value of the assets i.e., whether he should take the WDV as at 31-03-2010 or he should consider depreciation for the assessment year 2011-12 and take the WDV as on 31-03-2011??

Please clarify...

CA M Indani

CA M Indani (Expert)
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27 August 2012 wdv as on 31.03.2011..but depreciatiion for ay 11-12 will be disallowed..

Guest

Guest (Expert)

27 August 2012 Depreciation for AY 2011 - 12 should be considered to be claimed and the WDV as on 31-3-2011 should be taken.

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