Depreciation on trade mark
This query is : Resolved
12 August 2014
hello freinds,one of my client has purchased trade Mark and he is saying he has purchased it for forever n he will not charge dep. on it ,whether under income tax it is manadatory to charge depreciation on it even if client has purchased it for forever.
Rupesh Jain
(Expert)
13 August 2014
yes, depreciation will provide as per income tax act.
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