Friends,
What happens if we do not claim depreciation during first year of business? can we claim in the next year without any problem, please help me..
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Whar happens if we do not claim derpreciation in first year
Replies (1)
Hi uday,
If we dont claim dep in 2008-09 which we should have claimed,
then in 2009-10, will depreciation be calculated on a notionally reduced WDV or
the actual cost?
I have not got practical experience in a case like this..
I think we should compute the WDV on first day of the year and then give the depreciation, becuase it should have been allow ed as per expto 32(1)..
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