Depreciation
This query is : Resolved
Praveen Maheshwari
(Querist)
09 December 2008
Sir,
suppose an assessee don't want to claim depreciation as expenditure then his return will considered as correct return or not ? or will ITO assess the same or give notice for correction ?
suppose an assessee don't want to claim depreciation as expenditure then his return will considered as correct return or not ? or will ITO assess the same or give notice for correction ?
09 December 2008
Depreciation is mandatory according to the Income tax act,1961.ITO can correct after giving notice to the client.
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