Income tax
shraddha (student) (82 Points)
28 September 2016
DEPRECIATION IS IT APPLICABLE TO CHARITABLE TRUST? PLEASE GIVE ANY REFERENCE
1 Replies
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 28 September 2016
Sec.11(6): Income for the purpose of application shall be determined without any deduction or allowance by way of depreciation or otherwise in respect of any asset , acquisition of which has been claimed as an application of income under these sections in the same or any other previous year
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