Monday, September 30, 2019
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Topic: Depreciation


Sec. 11(6): Prospective or Retrospective?

Amendment in Section 11(6) of the Act vide Finance Act No. 2/2014 which became effective from the Assessment Year 2015-2016 does not have retrospective effect.
A person among questions

Analysis: 3 different aspects of depreciation

The allocation of the depreciable amount of an asset over its estimated useful life is termed as depreciation. Read some other aspects of depreciation

Is depreciation provision for maintenance of capital?

Maintenance of capital is required for flow of income. To maintain capital intact, depreciation is provided. Check, is it sufficient in inflationary economy

Is Depreciation a source of fund or charge?

We charged depreciation in the Profit and Loss Statement, though one thought is that, depreciation is source of fund. Lets discuss the thought

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