THe rates of deprecation fixed?? Can assessee claim lower rate of depreciation as per income tax . ????
Income tax rates of depreciation
Prateek Jotwani (student) (201 Points)
20 September 2011
Prateek Jotwani (student) (201 Points)
20 September 2011
THe rates of deprecation fixed?? Can assessee claim lower rate of depreciation as per income tax . ????
CA RICHA BADALIA
(CA,CS)
(1682 Points)
Replied 20 September 2011
No, an assessee cannot claim lower rates of depreciation then as per Itax.Rates provided for income tax purpose are fixed rates.
though rates of depreciation is fixed but still y an assessee want to claim lower depreciation. It do not serve any purpose.
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