Depreciation
This query is : Resolved
17 May 2014
IS CHARGING DEPRECIATION MANDATORY FOR ALL THE BUSINESS UNIT (ESPECIALLY FOR FIRM)?
17 May 2014
Yeah it is mandatory
Message likes :
1 times
17 May 2014
Yes if the Assets is not written off then it is mandatory.
Message likes :
1 times
18 May 2014
Depreciation is amandatory. We dont have right or a option to claim it or not.
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1 times
21 May 2014
IS THERE ANY SECTION OF IT OR ANY OTHER ACT OR ANY ACCO. STAN. AVAILABLE WHICH MANDATE CHARGING DEPRECIATION FOR FIRM?
21 May 2014
This is being provided in AS-6
22 May 2014
as per income tax act and under company it is compulsory on used and eligible assets for charging the depreciation.
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