Ups deprication

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Querist : Anonymous (Querist)
31 October 2011 i have to know the ups deprication rate as per income tax consider to computer rate 60% if any notification and case decis on please provide me.

31 October 2011 Can be depreciated @60% for income tax purpose.

31 October 2011 CIT v Orient Ceramics & Industries Ltd (2011) 56 DTR 397 ( Delhi): held that Depreciation is allowable on UPS @ 60%.




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