Depreciation on Fire extinguisher

2924 views 2 replies
when we purchase fire ext. on 15/11/2017 then sir when will depreciation charge on it
Replies (2)
In March. Only 50% depreciation allowed as per IT.
Depreciation at 7.5% under Section 32 of INCOME Tax Act for P.Y 2017-18 shall be allowed.


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