Unit closed what about the depreciation on fixed assets
This query is : Resolved
Shivani Jajoo
(Querist)
29 September 2016
Assessee has 3 units one of the unit has been closed the fixed assets kept at the unit are valued as scrap wheras in the books WDV are at higher value...assessee doesn't want to claim depreciation as it increases the loss of business . What needs to be done?
CA MANISH SAXENA
(Expert)
29 September 2016
Hi,
Dep. has to be claimed ..but i am unable to understand why he don't want to claim Loss !!!
Thanks!
Dep. has to be claimed ..but i am unable to understand why he don't want to claim Loss !!!
Thanks!
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