College Library Books Qualify for 100% Depreciation Rate Under Income-tax Rules, Schedule of Depreciation, Paragraph 9(ii.

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....Rate of depreciation of books purchased for college library - Books were given to the students for which library charges were collected by the assessee-society. - as per para 9(ii) of the Schedule of Depreciation of the Income-tax Rules depreciation is to be allowed @ 100% - AT....