Depreciation

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 February 2015 I have a query regarding Depreciation on fixed assets.
There is HUF whose business loss without providing for depreciation is Rs.841978.00.
So shall i provide for current year depreciation on fixed assets @15% on car?
or Shall i Show A loss of Rs.841978.
There is also income from other sources of Rs.9592.00.
Deprecition to be provided is Rs.843051.
Plz reply

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 February 2015 Plz reply its urgent

02 February 2015 you have to provide the depreciation under the income tax act and you can carry forward the depreciation to unlimited period. for sett off against the future income.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details