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Jewellery Purchase

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(Querist)
20 April 2024 I have Purchase a Jewellery on Comapany Name ( Pvt Ltd ) and can we claim the depreciation. How to account it.. Plz Suggest...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 April 2024 Depreciation can't be claimed as it's not a depreciable asset.

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