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Application of depreciation method

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2015 Hello sir,
Suppose there is a client named XYZ cooperative credit society Ltd. Then which Act should it follow for depreciation. Income tax act or companies act 2013 or any specific act which governs the above client?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 December 2015 They can follow either Income tax act or Companies act 2013.

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