https://www.taxtmi.com/manuals?id=6619 Depreciation is the monetary measure of wear, tear, consumption or obsolescence of a capital asset representing the periodic allocation of an asset's cost over its useful life. For tax purposes the statutory allowance requires that the asset be owned wholly or partly by the assessee and used for the purposes of the business, the twin eligibility criteria for claiming depreciation. en-us Mon, 30 Dec 2024 12:04:00 +0530 Thu, 12 Jun 2025 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6619 Depreciation is the monetary measure of wear, tear, consumption or obsolescence of a capital asset representing the periodic allocation of an asset's cost over its useful life. For tax purposes the statutory allowance requires that the asset be owned wholly or partly by the assessee and used for the purposes of the business, the twin eligibility criteria for claiming depreciation. Manuals Income Tax Mon, 30 Dec 2024 12:04:00 +0530 https://www.taxtmi.com/manuals?id=6619