One of my friend is using Camera for his professional work he is doing business for photograph for marriage so i want to know what is rate of depreciation should be charged
Goutam Hebbar
(Articled Assistant)
(53 Points)
Replied 06 April 2021
I think 15% rate of depreciation should be charged as per IT Act
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)