Depreciation on Multiplex Theater as per Income Tax
This query is : Resolved
25 September 2023
What is the depreciation on Setup Cost @1.50 Cr of Multiplex theater as per Income Tax Act ? there is no separate cost of Furnitures & equipment's are available.
29 September 2023
I do not think we have all in one rate for Multiplex Theaters and rather it should be depreciated as Land and Building with separate deprecials of other plan and machineries
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