I am currently indluge in audit of a NGO. My querry is just to know whether the fixed assets of NGO are eligible for depreciation.
Thanks Regards
Mohtashim Ahmed
Articled Assistant
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Depreciation on fixed assets of non government organisation
Replies (3)
Yes as per Income Tax Act Fixed Assets of NGO are also depreciable.
Thanks a lot Sir. It helped me
Yr Welcome
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