Trust
This query is : Resolved
Gururaja.M
(Querist)
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
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.
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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