Depreciation on live stock
Nilesh Rathore (indore) (96 Points)
30 August 2018
whether depreciation is applicable on livestocks like cattle, caw, buffelow etc. or not ???
2 Replies
Sarath Rajendran
(Nil)
(2791 Points)
Replied 30 August 2018
Resd this https://www.linkedin.com/pulse/livestock-depreciate-inventory-sell-amanda-hensley-cpa
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 30 August 2018
As per Income Tax act depreciation is not allowable on live stock.
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