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depreciation on Pooja Equipments

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(Querist)
01 December 2008 hai..

Whether Depreciation on Pooja Equipment by a preist who performs Poojas at the clents Place is allowed as expenses under the Income Tax Act?
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Deepak Agrawal

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Deepak Agrawal (Expert)
01 December 2008 Pooja eqpts means what ?

If its plate, diyas, ghanti, etc, it should be expensed out.
However its of Gold or Silver, it may be parked in current asstes
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
02 December 2008 I agreed with Deepak.
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