Accounting for coopeative housing societies
This query is : Resolved
01 May 2012
whether depreciation can be charged o lift by a cooperative housing society as it has to satisfy the conditions of sec32 under income tax act? pl guide me.
01 May 2012
You can consider the deprn. in the I & E a/c.
I suppose you've shown the elevator as an asset in the society's BS.
I suppose you've shown the elevator as an asset in the society's BS.
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