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Chartiable Organisation

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(Querist)
08 October 2010 Can a Chartiable Organisation Claim Depreciation if full Cost is Allowed as deduction U/s 11.
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V.K.SUBRAMANI

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V.K.SUBRAMANI (Expert)
10 October 2010 yes the cost of asset is eligible for deduction while computing the % of application of income. Also, depreciation is allowable on such asset while determining the income. This is because, the income of NPO is to be computed on commercial principles.
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Ritesh Maheshwary

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Ritesh Maheshwary (Querist)
11 October 2010 But This is double deduction to Chartiable Organisation.
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