Depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2012
I have received Intimation from CPC disallowing Depriciation. As a general practise, I have claimed Depriciation in Return of Income BUT NOT DEBITED TO PROFIT AND LOSS ACCOUNT. CPC has refused the claim of Depriciation. As per CPC It is must to Debit Depriciation to Profit & Loss Account. Please Help with argument, logic etc.
23 June 2012
How can you claim an expense which has not been debited to the P&L account?
You have to debit depreciation to the P&L account to claim deduction of the same.
You have to debit depreciation to the P&L account to claim deduction of the same.
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