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section 11

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(Querist)
25 October 2010 in case of charitable institution registered Under section 12AA and also SEc 80G , it claims exemption from income tax,,,,.. including capital receipt / expenditure.... question is at what rate such institutions can provide depraciaation on fixed assets.....
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 October 2010 Depreciation claimed is allowed under section 11, therefore follow rates prescribed in Appendix-1 to rule 5 of income tax Rules,1962.
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GIREESHA T L

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GIREESHA T L (Querist)
28 October 2010 thanks
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