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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2012 DEAR ALL,

PLEASE TELL WHETHER FOR A PARTNERSHIP FIRM WE CAN CLAIM DEPRECIATION EVEN IF NOT CLAIMED IN THE BOOKS OF ACCOUNTS BUT CLAIMED WHILE COMPUTING THE TAXABLE INCOME??
PLEASE GIVE SOME REFERENCES AND CITATIONS.

THANKS
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
18 November 2012 You can claim it depreciation provided you can prove that the asset has been put to use.

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