Whether is it compulsory to book depreciation on fixed assets of Trust? As per my knowledge as per Income tax it is compulsory, but trust had not claim depreciation till date from its establishment year that is 1985. as an auditor what I have to do?
Whether is it compulsory to book depreciation on fixed assets of Trust? As per my knowledge as per Income tax it is compulsory, but trust had not claim depreciation till date from its establishment year that is 1985. as an auditor what I have to do?