A Charitable Trust Running various religious activities, having different premises. Some of them is given on rent for residential and/or Office purpose & One Property namely WADI Hall, which is hire to Society at large for functions. We are regularly providing Depreciation on Utensils, Furniture, Electric Fittings etc. except on Building. Whether it is mandatory to provide Depreciation on all Trust Building Properties ?
Asked on 9/20/12, 4:44 am
1 Answer from Attorneys
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