Please Help: To claim depreciation for previous years

Posted Date : 23-Aug-2011 , 02:46:25 pm | Posted By CASANSAAR

If we forget to claim dep of particular asset in past 2,3 years,Can we claim now..?? If yes then what would be the effect on the Returns of past years.

Category : Students | Answers : 1 | Comments : 2 | Hits : 399

Answers

Answer By: Rohit Agarwal

you cannot claim depreciation

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vikas

27-Aug-2011 , 11:59:07 am

you can make retrospective amendment in the books of account provided you have all supporting documents but you can not apply this, while you have presumptive income under Income Tax Act.