Depreciation
This query is : Resolved
01 July 2010
a trading co only has INTEREST and COMMISSION income during the year,can deprecition be claimed during the year.
its main business is trading in teas,but during the year it has discontinued its trading operation.
THNIING YOU IN ADVANCE
WITH REGARDS
RAAJ
its main business is trading in teas,but during the year it has discontinued its trading operation.
THNIING YOU IN ADVANCE
WITH REGARDS
RAAJ
Aditya Maheshwari
(Expert)
01 July 2010
Commission income will be business income and if assets have been used in earning such income depreciation can be allowed.
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