Depreciation on fixed of school run by society

should I provide depreciation on fixed assets of school
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Quick Summary
This discussion clarifies whether schools run by societies need to account for depreciation on their fixed assets. While exemptions under sections 11 and 12 might seem applicable, IT law generally mandates depreciation allowances for each year. Therefore, providing depreciation is typically required.

If taking exemption under section 11 and 12 then not
Yes you need to provide, as IT law provides the same for compulsory depreciation allowance for each year.

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