Depreciation
This query is : Resolved
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.
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.
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
28 September 2021
If your concern is proprietorship firm, any provisions as per company act are not applicable to it.
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