Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2012
can you please provide a detailed write up on impact of depreciation on taxability
11 July 2012
looking from the point the point of view of income tax --impact is very simple it reduces your profit hence you have to pay less tax...
its a allowable expences which is calculated as per prescribed rates in sec 32 of IT act.
its a allowable expences which is calculated as per prescribed rates in sec 32 of IT act.
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