depreciation
This query is : Resolved
CA Abhishek Singh
(Querist)
22 May 2009
dear all
it is given in the act that depreciation is mandatory to claim.
one of our client has motor vehicle used for business purpose but in his it return on a.y 08-09(wdv on 01/04/07 rs. 258376) depreciation is not taken.
is that okay if not
what will depreciation for 09-10???
it is given in the act that depreciation is mandatory to claim.
one of our client has motor vehicle used for business purpose but in his it return on a.y 08-09(wdv on 01/04/07 rs. 258376) depreciation is not taken.
is that okay if not
what will depreciation for 09-10???
22 May 2009
Dear abhishek,
If the assesse filed his return of income with in the due date provided u/s 139(1), then he can file revised return claiming depriciation. other wise since the assesse had furnished complete particulars relating to the income , he can make an application for rectification u/s 154.
If the assesse filed his return of income with in the due date provided u/s 139(1), then he can file revised return claiming depriciation. other wise since the assesse had furnished complete particulars relating to the income , he can make an application for rectification u/s 154.
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