📍 Pune, Maharashtra | Chartered Accountants

📍 Pune, Maharashtra | Chartered Accountants

Depreciation Rates FY 2025-26 – Income Tax Act

depreciation-rates-fy-2025-26-india

Introduction Depreciation is a critical concept in taxation and accounting. Under Section 32 of the Income Tax Act, 1961, depreciation allows taxpayers to claim a deduction for the gradual wear and tear of tangible and intangible assets used in business or profession. It ensures that the cost of assets is spread across their useful life, […]