Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2014
Dear Sir/Mam,
I Would like to know that I have a Partnership firm running from last 4 years and the firm's profit is so minimum again if we charge depreciation the firm suffer loss.
I like to know is it compulsory to charge depreciation though the firm suffer loss.
I Would like to know that I have a Partnership firm running from last 4 years and the firm's profit is so minimum again if we charge depreciation the firm suffer loss.
I like to know is it compulsory to charge depreciation though the firm suffer loss.
Rupesh Jain
(Expert)
08 April 2014
as per income tax depreciation is compulsory to charge on assets.
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