We, being partnership firm changed depreciation method reducing balnace to as slm on useful lives.
Pls provide guide on notes to accounts. Help me to qrite note on this in financial.
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Change in Method
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Quick Summary
SLM method is not allowed in income tax act. only power generation undertakings can opt this method.
But this change not for income tax act. For our private book, which will be disallowed. I know
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