Depreciation eligible

Dear Sir,

We have purchased some fixed assets for shop. payment made in cash Rs.21250 so can we eligible to claim deperication
please suggest
Replies (4)
Quick Summary
This discussion clarifies whether depreciation can be claimed on fixed assets purchased with cash. The general consensus is that depreciation is eligible, but specific rules regarding cash payments may apply. It's advised to confirm the exact regulations to ensure eligibility.

No. Not eligible for cash payments.

Thank you Sir,
Depreciation is always eligible.

You are welcome ...               

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