Depreciation in individual firm

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RAKESH (Querist)
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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)
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14 July 2021 Yes, adopt income tax depreciation rate in books of accounts.

CA Rajat Pathak (Expert)
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19 July 2021 claim depreciation as per income tax

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