Depriciation
Querist : Anonymous
kindly guide me
we are a proprietory firm.
depriciation of rs 3.25 lac was not allowed us in computation of income due to subsidi in fy 2009-2010.
can we show the not allowed depriciation as capital incerased in fy 11-12?.because in fact profit is increased by 3.25 lac.
thanking you
No you can NOT show not allowed depreciation as capital increased. As per section 32 of I.T. Act,1961
Querist : Anonymous
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