Depreciation in individual firm


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For individual firms, it's recommended to apply depreciation directly in your accounting records using the rates specified by income tax regulations. This ensures accurate claims and compliance with tax laws.

14 July 2021 In Individual firm , depreciation to be applied directly as per the rate mentioned in income tax in our books.

14 July 2021 Yes, adopt income tax depreciation rate in books of accounts.

19 July 2021 claim depreciation as per income tax


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