Is Depreciation can be allowed to Socities, which are non profit motive ? if so at what rates.
1 Replies
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 08 May 2012
Yes it is allowed at the rates prescribed in the income tax Atc, 1961
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
