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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Sir, is there any situation where depreciation claimed in p&l and depreciation deducted from the fixed assets are two different amount.?
Is there any other situation where only depreciation is claimed as expense?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 No such case will be there. Its only possible when you prepare final a/c for income tax & other separately.
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