Income Tax Rules | No Requirement That Any Particular Mode Of Computing Claim Of Depreciation Has To Be Opted Before Due Date Of Filing Return: SC
The Supreme Court observed that there is no requirement under the second proviso to sub-rule (1A) of Rule 5 of the Income Tax Rules 1962 that any particular mode of computing the claim of depreciation has to be opted for before the due date of filing of the return. The Court added that only requirement …