Treatment of depreciation for discontinued business under co
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2014
Dear Sir -
whether depreciation can be claimed under Companies Act every year in case of discontinued business?
whether depreciation can be claimed under Companies Act every year in case of discontinued business?
03 December 2014
if there is no business only then how can u claim depreciation?
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2014
NO sir, currently it is exist but discontinued in previous year.
so can we claim depreciation for P.Y.
please give me answer as per Company Act not as per Income Tax Act?
so can we claim depreciation for P.Y.
please give me answer as per Company Act not as per Income Tax Act?
04 December 2014
for companies act if it was operative for py 13-14 then old companies act 1956 shall be applicable and depreciaition according to it shall be applied
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