Depreciation under Schedule XIV
This query is : Resolved
11 July 2011
Capital Invoice consists of Furniture, Nos.16, amounting to Rs.9,000/-.
Can we take 100% Depreciation in Books?
What about IT Depreciation?
Regards,
Can we take 100% Depreciation in Books?
What about IT Depreciation?
Regards,
17 July 2011
yes. it can be taken as 100% depreciation under companies act.
As per income tax act based on the block of assets preferably 10% block
As per income tax act based on the block of assets preferably 10% block
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