Can a Co Operative Service Society claim Depreciation in books of account and Income tax?
2 Replies
JGM
(Knowledge Sharer)
(443 Points)
Replied 04 September 2021
Yes. There is no bar in claiming the depreciation provided the asset is owned and used by the society
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 05 September 2021
Yes depreciation can be claimed
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