depreciation on Pooja Equipments
This query is : Resolved
01 December 2008
hai..
Whether Depreciation on Pooja Equipment by a preist who performs Poojas at the clents Place is allowed as expenses under the Income Tax Act?
Whether Depreciation on Pooja Equipment by a preist who performs Poojas at the clents Place is allowed as expenses under the Income Tax Act?
01 December 2008
Pooja eqpts means what ?
If its plate, diyas, ghanti, etc, it should be expensed out.
However its of Gold or Silver, it may be parked in current asstes
If its plate, diyas, ghanti, etc, it should be expensed out.
However its of Gold or Silver, it may be parked in current asstes
02 December 2008
I agreed with Deepak.
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