Depreciation in individual firm
This query is : Resolved
Quick Summary
14 July 2021
In Individual firm , depreciation to be applied directly as per the rate mentioned in income tax in our books.
CA R SEETHARAMAN
(Expert)
14 July 2021
Yes, adopt income tax depreciation rate in books of accounts.
CA Rajat Pathak
(Expert)
19 July 2021
claim depreciation as per income tax
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