Hi,Whether a trust is eligible to claim depreciation on assets? If so, under which section of IT Act? I doubt whether Trust is eligible to claim same rates u/2 32 of IT Act?
Hi,Whether a trust is eligible to claim depreciation on assets? If so, under which section of IT Act? I doubt whether Trust is eligible to claim same rates u/2 32 of IT Act?
Dear Krisha,
There is no point in sec.32 which excludes a trust from claiming depreciation. Hence, sec.32 applies to trust also
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