Itr 4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2013
In part A - P&L under item 51c (No account case - expenses), should depreciation be included or not? I feel depreciation should not be included under expenses but considered under schedule DEP and through that to Schedule BP item 12. Please advise if I am correct.
CA Parul Saxena
(Expert)
12 March 2013
Yes depreciation to be included in expenses....under schedule DEP the depreciation is as per income tax act which then be reflected on Schedule BP item 12.
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