Depreciation on live stock
This query is : Resolved
22 August 2016
Whether depreciation is application on Live Stock. If yes that at What percentage.
23 August 2016
No depreciation applicable on live stock.
Message likes :
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23 August 2016
LIVE STOCK HAS TO BE REVALUED IN EVERY YEAR
23 August 2016
Yes it has to be revalued every year.
23 August 2016
Dear Experts, such revaluation is allowable under Income Tax.
Thanks in advance.
Thanks in advance.
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