depreciation
This query is : Resolved
vinod reddy
(Querist)
13 September 2016
can i claim depreciation on the asset on original cost??
i didnt claimed depreciation for the earlier years, what shud i do??
Amol S Joglekar
(Expert)
13 September 2016
for accountancy purpose....the answer is YES.
For income tax purpose...NO......the depreciation which you did not claim for the earlier years shall be deemed to be claimed.
For income tax purpose...NO......the depreciation which you did not claim for the earlier years shall be deemed to be claimed.
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