Is depreciation included in 85%expenditure
ankit agarwal (article assistant) (33 Points)
15 January 2015ankit agarwal (article assistant) (33 Points)
15 January 2015
Z
(Tax Consultation (US and India))
(2965 Points)
Replied 17 January 2015
If the charitable trust has considered the purchase of property as an application u/s 11 then there shall be no allowance of depreciation [lest double deducion] otherwise depreciation can be claimed
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