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FIXED ASSET DEPRECIATION CLAIM

This query is : Resolved 

13 November 2021 If someone had purchased fixed asset on credit and defaults in making the payment of fixed asset payment . still he is able to claim the depreciation and what is the treatment in income tax

13 November 2021 Yes, still he is able to claim the depreciation

13 November 2021 Any individual who is not carrying any business , can he claim depreciation on personal assets like building , car , and any other personal assets




13 November 2021 No, he can't claim depreciation on personal assets.



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