Depreciation
This query is : Resolved
06 July 2009
If value of block of asset is below Rs. 5000 then can we claim 100% depreciation on the same?
06 July 2009
No under Income tax Act,1961
06 July 2009
If you want answer accordong to income-tax act, answer is no. Your question relates to companies act. U can provide 100% in books ; not in IT
06 July 2009
agree with MR.Ponibas
06 July 2009
Thanks
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