Depreciation eligible

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729 Points Posted on 19 September 2022
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
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On 19 September 2022 at 19:31 Report
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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.

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SEO Sai Gr. Hosp.
212453 Points Posted on 19 September 2022

No. Not eligible for cash payments.

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On 19 September 2022 at 20:21
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729 Points Posted on 19 September 2022
Thank you Sir,
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On 19 September 2022 at 21:44
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Profession Business
28246 Points Posted on 20 September 2022
Depreciation is always eligible.
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On 20 September 2022 at 07:13
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SEO Sai Gr. Hosp.
212453 Points Posted on 20 September 2022

You are welcome ...               

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On 20 September 2022 at 11:22

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