20 August 2009
yes can claim rather has to claim as per one judgement all assesses have to claim depreciation u/s 32 If you have still confusion then pls make question more specific so tht specific reply is possbile thanks
21 August 2009
respected sir, my question is that can a trust take a double deduction on fixed assets. firstly by claiming addition to fixed assets as income applied to charity and secondly by claiming depreciation on that asset again. Is this possible?
CAclubindia
