I am currently indluge in audit of a NGO. My querry is just to know whether the fixed assets of NGO are eligible for depreciation.
Thanks Regards
Mohtashim Ahmed
Articled Assistant
I am currently indluge in audit of a NGO. My querry is just to know whether the fixed assets of NGO are eligible for depreciation.
Thanks Regards
Mohtashim Ahmed
Articled Assistant
Yes as per Income Tax Act Fixed Assets of NGO are also depreciable.
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