Depreciation
This query is : Resolved
25 August 2008
What is personal effect?
Whether jewellery is included in personal effect?
Whether depreciation is charged on jewellery/personal effect?
What is the rate?
Whether jewellery is included in personal effect?
Whether depreciation is charged on jewellery/personal effect?
What is the rate?
25 August 2008
Depreciation is not charged on Personal Effects and Jewellary. However, for the purpose of capital gains Jewellary is a Capital Asset and not a personal Effect.
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