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Depreciation

This query is : Resolved 
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(Querist)
07 January 2021 Sole proprietary concern is having losses for f y 19-20

Can we not claim depreciation on assets so that loss will be lesser to that extent

Is it allowed under income tax act ?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
07 January 2021 Depreciation is wear and tear , efflux of time you need provision to replace new asset after life time of Asset you cannot avoid to claim depreciation as and when you require
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2021 Agreed. WDV of assets reduces, whether you claim depreciation or not.
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