Delhi High Court Confirms Charitable Institutions Can Claim Depreciation on Capital Assets for Business Use.

A charitable institution, which has purchased capital assets and treated amount spent on purchase of capital asset as application of income, is entitled to claim depreciation on same capital asset utilized for business. See Indraprastha Cancer Society case [2014 (11) TMI 733 - DELHI HIGH COURT] .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X