Please Help: income tax
Posted Date : 26-Jun-2012 , 09:04:13 pm | Posted By Roma khare
will building held as investment be entitled for depreciation?
Category : Income Tax | Answers : 1 | Comments : 2 | Hits : 133
Answers
Answer By: Vikash Kumar Jha
No.
Comments
AMITABH AGARWAAL, ADV.
28-Jun-2012 , 08:17:39 amNo.
GOVINDA
28-Jun-2012 , 05:46:47 pmAs 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.