whether trust can claim depreciation on fixed assets

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Sumit Raturi (Querist)
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20 August 2009 whether trust can claim deprciation on fixed assets after claiming it as application to income under addition to fixed assets

CA Akshat

CA Akshat (Expert)
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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

Sumit Raturi

Sumit Raturi (Querist)
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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?

thanks

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