Please Help: income tax
Posted Date : 26-Jun-2012 , 09:04:13 pm | Posted By: Roma Khare
Category :
Income Tax | Answers :
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will building held as investment be entitled for depreciation? |
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Answers:
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 Answer by: Vikash Kumar Jha |
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| Posted By : GOVINDA |
28-Jun-2012, 05:46:47 |
| As per AS - 6 Depreciation Accounting. Dep. is allowed on those assets held by an enterprise for use in the production or supply of
goods and services, for rental to others, or for administrative
purposes and not for the purpose of sale in the ordinary course
of business. |
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