Depreciation
This query is : Resolved
naveen prabhu
(Querist)
16 March 2012
In an educational trust , Depreciation calculation should be as per which act either companies or IT and W.D.V or S.L.M?
Dintakurthi Tirumala
(Expert)
16 March 2012
At which rate of depreciation would be follow for IT purpose depreciation as per IT act only allowable while computing the Gross total income. Rate and method of depreciation would be depending on the By-law of the trust.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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