About Depreciation
Chirag Sheth (3 Points)
15 May 2019
is it compulsory to charge depreciation on assets?
Chirag Sheth (3 Points)
15 May 2019
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 15 May 2019
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 15 May 2019
in terms of section 32 explanation 5 it is compulsory.
You can not charge cost of asset to expenses on the date of acquisition itself in terms of matching concept of accounting as well
RAJA P M
("Do the Right Thing...!!!")
(127133 Points)
Replied 15 May 2019
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