Depreciation u/s 36
This query is : Resolved
ANURAG AHUJA
(Querist)
09 May 2013
is depreciation is allowed for refrigerators under section 36 of income tax
CA Vikas Acharya
(Expert)
09 May 2013
allowed if asset is used for the business purpose.
Guest
Guest
(Expert)
11 May 2013
If used for Business then u/s 32.
But if used to gain any other income which is taxable under Other Sources then deduction u/s 57
But if used to gain any other income which is taxable under Other Sources then deduction u/s 57
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