Depreciation on fixed of school run by society
Yasir (article assistant ) (455 Points)
01 October 2020
should I provide depreciation on fixed assets of school
2 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 02 October 2020
If taking exemption under section 11 and 12 then not
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 03 October 2020
Yes you need to provide, as IT law provides the same for compulsory depreciation allowance for each year.
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