Chartiable Organisation

This query is : Resolved 

08 October 2010 Can a Chartiable Organisation Claim Depreciation if full Cost is Allowed as deduction U/s 11.

10 October 2010 yes the cost of asset is eligible for deduction while computing the % of application of income. Also, depreciation is allowable on such asset while determining the income. This is because, the income of NPO is to be computed on commercial principles.

11 October 2010 But This is double deduction to Chartiable Organisation.




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