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depreciation

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(Querist)
25 August 2009 does it require to provide depreciation on assets purchase on 31st march
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
25 August 2009 YES.
As per companies act, it will come under less than 180 days and 50% of depreciation has to be provided.
As per income tax act, claim depreciation for by adding the value in concerned block.
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Gokul

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Gokul (Expert)
25 August 2009 If the machine purchased on 31st 09 Mar but it Installed and used in april 09,

1)Should depreciation charged on such machin for f.y. 2008-09.

2) What will if the transaction recorded on 1 st apr. 09?
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