whichsection defines depreciati
on?
sec 32 of income tax act
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 24 September 2017
sec 32 of income tax act
RAJA P M
("Do the Right Thing...!!!")
(127053 Points)
Replied 24 September 2017
As per section 32 of the Income Tax Act, 1961,depreciation is allowed on tangible assets and intangible assets owned, wholly or partly, by the assesse and used for the purposes of business or profession
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