Depreciation and S. 43A, Income Tax

[Hardeep Singh]

Dear sirIf in the second half of the previous year liability is increased on exchange fluctuations under section 43A then whether second proviso to section 32(1)(ii) shall apply or not.

Posts / Replies

[Ganeshan Kalyani]

If the amount involved is high then it is advisable to consult practising Chartered Accountant, may be from this forum or in your contact. However, if other experts want to attempt to answer the query I welcome. This will enrich my knowledge as well. Thanks.