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Depreciation allowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2009 Dear sir,

Please tell me whether there is any change in the calculation of depreciation allowance, admissible to an indian co & a foreign company.

regards

sheela nair
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Vishnu Saboo

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Vishnu Saboo (Expert)
13 December 2009 i beleive, at the time of first IT assement for your capital asset block, whatever the method has been adopted by you, that will not be allowed to change.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
13 December 2009 Appendix I to Rule 5(1A) provides the rate of depreciation on difference block of assets.

It allowes written down value method only to provide depreciation.
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