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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 .

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