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Depreciation u/s 36

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(Querist)
09 May 2013 is depreciation is allowed for refrigerators under section 36 of income tax
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
09 May 2013 allowed if asset is used for the business purpose.
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Guest (Expert)
11 May 2013 If used for Business then u/s 32.

But if used to gain any other income which is taxable under Other Sources then deduction u/s 57




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