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can depreciation on live stock?

Question Posted / riniv

Answers were Sorted based on User's Feedback



can depreciation on live stock?..

Answer / kaushal jha.

NO charge depreciation on LIVE STOCT as per Income Tax 1961.

Is This Answer Correct ?    11 Yes 1 No

can depreciation on live stock?..

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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