What Is Tax Depreciation?

[johnrite011]

Is this a legal way to reduce the property tax.

[factor-fiction]

Hi john- are you asking about tax arrangements in the UK or in India?

[DTCwordfan]

which ever, allowing for the subtleties of Indian law, no on property tax but yes on the amount to be taxed for private or corporate tax, usually prescribed and coded as to what and how much.

[albaqwerty]

I don't understand the question.

If a business has 'stock' for over a year then it can be depreciated from cost to what it would be at the time of the audit.