Dep waive for f.y.2012-13 by audited pf

hetalsangoi (Querist) 19 August 2012 This query is : Resolved
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?

he 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?

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Guest (Expert) 19 August 2012
What your compamy's own accountant, finance manager, or auditor says about depreciation on property acquired during 2012-13??

hetalsangoi (Querist) 19 August 2012
this case study found from the book

hetalsangoi (Querist) 21 August 2012
even i am studying from also books, unable to solve... pl give little bit hint

Guest (Expert) 21 August 2012
You may better post the acdemic query either in the forum section or at CA Club India. You can discuss here if you have some personal legal problem.

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