Depreciation issue
This query is : Resolved
MAHESH MUNGAD
(Querist)
17 February 2012
Dear Sir
if any organisation was in tax exemption in before and for the same not claiming depreciation so whether can claim depreciation retrospectively if now organisation fall under tax scheme.
if any organisation was in tax exemption in before and for the same not claiming depreciation so whether can claim depreciation retrospectively if now organisation fall under tax scheme.
SANDEEP AGGARWAL
(Expert)
17 February 2012
After amendment under the IT act if depreciation is not claimed than also it deemed to be claimed and WDV is required to be deducted for those years.
Regards,
CA Sandeep Aggarwal
Regards,
CA Sandeep Aggarwal
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