Depreciation to charge or not?

Assesssee is private limited company.

Did not do any transactions except 2 or 3 professional payments in PY 2016-17.

Assets are ACs, Computers including software, Furniture.

Whether to charge depreciation in ITR as well as in books for audit purpose? please suggest in both terms i.e. in Income Tax as well as for Accounting Purpose??

basically company is inactive through out the year but did only 2 3 payments.

Replies (2)
As per Section 32 of IT Act, 1961 Depreciation should be claimed on Assets it is irrelevant that company is active or inactive as well as for Books also ,

since as per 129 Financial statements should comply with Accountings Standards notified under 133 so AS 10 PPE will apply. According to it depreciation should charged in books of account.
ok thnx ch r indra!!

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