Depreciation
This query is : Resolved
27 January 2018
Whether it is mandatory to charge depreciation by the assessee while filing his IT return. what will be the result if the assessee do not charge depreciation in its ITR; & shows his income at increase of figures.
28 January 2018
https://www.quora.com/Why-depreciation-is-mandatory-allowance-as-per-Income-Tax-Act-India
29 January 2018
Yes it is mandatory to charge depreciation. Else the assets will be shown at increased value
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