Dear Sir,
As per company law, if value of assets is less than 5,000/-, we can get depreciation 100% in same year.
Like this, is there any rule in Income Tax. If yes please write the section.
Thanks
Dear Sir,
As per company law, if value of assets is less than 5,000/-, we can get depreciation 100% in same year.
Like this, is there any rule in Income Tax. If yes please write the section.
Thanks
There is no such provision in income tax.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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