Sec 32
This query is : Resolved
04 August 2014
DEAR SIR,
SHALL WE DECREASE THE VALUE OF ASSET BY ADDITIONAL DEPRECIATION WHICH WAS CALCULATED AS PER IT ACT. IF NO, PLEASE CLARIFY, IF YES, PLEASE CLARIFY WITH AN EXAMPLE.
SHALL WE DECREASE THE VALUE OF ASSET BY ADDITIONAL DEPRECIATION WHICH WAS CALCULATED AS PER IT ACT. IF NO, PLEASE CLARIFY, IF YES, PLEASE CLARIFY WITH AN EXAMPLE.
04 August 2014
the add dep is only for purpose of income tax act but for genral purpose fin statment u should not deduct add dep.
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