An LLP has not used a certain machinery, and as such does not want to claim depreciation on it.
is it ok if they do not claim depreciation on that machinery in the IT return ??
The depreciation will be shown in books of account, as per IT rules
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Depreciation
Replies (2)
As per my opinion
Depreciation is mandatory, you can't avoid
Depreciation is mandatory, you can't avoid
As per sec 32 of the Income Tac Act, depreciation can be claimed on any asset which is actually used ince the LLP has not used the machinery, the
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