Depreciation % on livestock as per it and co's act ???
This query is : Resolved
26 February 2014
Friends
what is the depreciation rate on livestock(Buffalo's) if it is applicable as per IT and Co's act.
If gain arising on sale of livestock is it taxable under income tax.
what is the depreciation rate on livestock(Buffalo's) if it is applicable as per IT and Co's act.
If gain arising on sale of livestock is it taxable under income tax.
27 February 2014
Livestock are not subject to depreciation.
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