Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2013
in case of trust or colleges what is the rate of depreciation applicable on assets...?
CA. PIYUSH GOEL
(Expert)
04 March 2013
in case of non company assessee, assessee is free to opt any depreciation rate for the purpose of charging depreciation in the books. however for income tax purpose you have to apply income tax rates.
therefore its advisable to opt income tax dep. rates for non company assessee because finally you have to apply income tax rates.
therefore its advisable to opt income tax dep. rates for non company assessee because finally you have to apply income tax rates.
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