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Depreciation to socities

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(Querist)
18 January 2013 Sir,
Is depreciation rates specified under SOCIETIES ACT (i.e.to educational institutions registered under societies act)?.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
19 January 2013 There are no such prescribed Rates under the
Societies Act of Maharashtra and Gujarat, however for arriving the correct income depreciation has to be provided.
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