Depreciation
This query is : Resolved
shivbhadra
(Querist)
17 May 2014
IS CHARGING DEPRECIATION MANDATORY FOR ALL THE BUSINESS UNIT (ESPECIALLY FOR FIRM)?
Yogesh Shukla
(Expert)
17 May 2014
Yeah it is mandatory
Message likes :
1 times
Sandeep Dharar
(Expert)
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.
Message likes :
1 times
shivbhadra
(Querist)
21 May 2014
IS THERE ANY SECTION OF IT OR ANY OTHER ACT OR ANY ACCO. STAN. AVAILABLE WHICH MANDATE CHARGING DEPRECIATION FOR FIRM?
Yogesh Shukla
(Expert)
21 May 2014
This is being provided in AS-6
Rupesh Jain
(Expert)
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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