Depreciation

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SUNIL SAINI

SUNIL SAINI (Querist)
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17 July 2019 sir, how will be calculate depreciaton in proprietorship firm and pvt ltd co.

Kamal Kant Mittal

Kamal Kant Mittal (Expert)
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28 July 2019 For properitorship firm, we ideally compute depreciation on the basis of rates given in income tax act and for Private limited company, you need to check the life given for assets in schedule II to companies act, 2013.

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CA Kamal Kant