Menu
Income tax depreciation whether we should take
if business is not all operational during the year. depreciation results in loss so we do not wish to take.
Replies (2)
Quick Summary
Depreciation is mandatory (it's not optional) as per Income Tax, you have to charge irrespective of business operation.
One has to charge depreciation irrespective of business in operation or not this will lead to loss which can be carried forward and sett off in years to come .
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
