Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2012
DEAR ALL,
PLEASE TELL WHETHER FOR A PARTNERSHIP FIRM WE CAN CLAIM DEPRECIATION EVEN IF NOT CLAIMED IN THE BOOKS OF ACCOUNTS BUT CLAIMED WHILE COMPUTING THE TAXABLE INCOME??
PLEASE GIVE SOME REFERENCES AND CITATIONS.
THANKS
PLEASE TELL WHETHER FOR A PARTNERSHIP FIRM WE CAN CLAIM DEPRECIATION EVEN IF NOT CLAIMED IN THE BOOKS OF ACCOUNTS BUT CLAIMED WHILE COMPUTING THE TAXABLE INCOME??
PLEASE GIVE SOME REFERENCES AND CITATIONS.
THANKS
18 November 2012
You can claim it depreciation provided you can prove that the asset has been put to use.
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