Depreciation of assets

is dep mandatory as per income tax act if assets not used after put to use?
Replies (4)
Quick Summary
This discussion clarifies whether depreciation is a mandatory requirement under the Income Tax Act, even for assets that have been put to use but are no longer actively employed. The consensus is that depreciation must still be accounted for. It also touches upon tax audit limits and confirms that depreciation is indeed applicable and mandatory in such scenarios.

Yes, it must be accounted.

Tax audit limit
Yes , Depreciation is applicable .
Depreciation is mandatory

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