Depreciation per books &as per tax
Sonia (Auditor) (112 Points)
13 October 2012Sonia (Auditor) (112 Points)
13 October 2012
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 19 October 2012
By claiming your depreciation allowance you can reduce your tax liability of the current year as well as that of the future years till the unabsorbed depreciation gets exhausted as dpereciation loss can be c/f indefinitely wihout any limit unlike in case of business loss