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Claim of Depreciation

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(Querist)
10 May 2010 If Mr. X gives his machinery on rent to Mr. Y, then who has got the right to claim depreciation in the Balance Sheet?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 May 2010 Mr.X is having right to claim the depreciation except the leasing arrangment is only for finance arragement, in such case Mr.Y
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