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can depreciation on live stock?
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Answer / kaushal jha.
NO charge depreciation on LIVE STOCT as per Income Tax 1961.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / sunil kumar
Dpreciation is on fixed Assets.But as per AS-10 live stock
is excluded from the periew of Fixed Asset. Hence no
depreciation on live stock.
| Is This Answer Correct ? | 7 Yes | 2 No |
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