is Depreciation as per I.T. Act applicable to section 25 Co
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2010
I want to know whether depreciation as per Income Tax Act is applicable to a section 25 company whose status as per Income Tax Act is that of a Trust.
24 June 2010
Depreciation as per it is applicable for all who are in the business or profession.
24 June 2010
yes, agree with mr.sanat ji
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