Is Additional Depreciation Compulsory To Charge?

Print Friendly

Is Additional Depreciation Compulsory To Charge?Whether additional deprecaition is compulsory to charge? Baljeet Singh, Nagpur Depreciation is now not optional on account of insertion of Explanation 5 below clause (ii ) of subsection 1 of section 32. This explanation reads as under. Explanation 5.For the removal of doubts, it is hereby declared that the provisions...

 
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.