LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dep waive - how extent genue demand

(Querist) 24 November 2012 This query is : Resolved 
my Audited pf has purchased the property of L&B in Aug2012. He wants to do not claim & provide depreciation for FY 2012-2013 in the books of accounts & planning to claim from F.Y. 2013-2014. Is this valid or justify? Can he do? Why?

i am plan to sell it after 5 years.while cal LTCG,HOW dep poni is considered if he does not provide dep in the f.y.2012-13 & provided dep after wards? how to see this issue from the point of taxation ? is it viable?
Report Abuse
Raj Kumar Makkad (Expert) 01 December 2012
Better to obtain the advice of your local tax consultant.
ajay sethi (Expert) 01 December 2012
your chartered account will guide you .

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!