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is Depreciation as per I.T. Act applicable to section 25 Co

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2010 I want to know whether depreciation as per Income Tax Act is applicable to a section 25 company whose status as per Income Tax Act is that of a Trust.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
24 June 2010 Depreciation as per it is applicable for all who are in the business or profession.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
24 June 2010 yes, agree with mr.sanat ji
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