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Trust

This query is : Resolved 

10 December 2014 clarification regarding Trust

Trust running school
Not registered under IT act

Clarification required for following :-

In the earlier balance sheets trust has not claimed depreciation

Is it mandatory to claim deprecition.

If not claimed - how does IT dept considers it

If we have to charge depreciation for 2013-14 - should we go back to earlier years and charge depreciation from begining or with a qualification we can claim for 2013-14

Speciman qualifications / notes on accounts requested

10 December 2014 1. yes
2. it will make its own assessment by considering the same.
3.u need to cal for current year, if u want to claim for prey years then itr already filed earlier needs to revise the same.


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