Tahseen Tabassum (CA-FINAL) (644 Points)

25 January 2010  

Hello !!!

As per Explanation 5 to section 32(1) :It is mandatory to claim. Depreciation shall be allowed to the assessee whether or not the assessee has claimed deduction in respect of depreciation in computing his total income.

Can anyone let me know the reason behind this in otherwords what will be the consequences if it is not mandatory.

Thanks in advance