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Depreciation

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(Querist)
06 March 2019 Dear Sir / Madam,
I am the owner of my concern . I have purchased new building. Is my own building which cover under depreciation as per company act. please reply my query.
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CA CS Chirag

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CA CS Chirag (Expert)
06 March 2019 you can claim depreciation on all the fixed aseets aquired and owned by the entity as per the provision of companies act
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 September 2021 If your concern is proprietorship firm, any provisions as per company act are not applicable to it.




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