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nitinjain (accountant)     28 September 2019


As per income tax act depreciation is compulsory to claim or not

 2 Replies

Chita Ranjan

Chita Ranjan   28 September 2019

It is right as per IT Act to claim depreciation to reduce your Tax liability and arrive at correct figure of assets.
1 Like
Kapadia Pravin

Kapadia Pravin   28 September 2019

It is not mandatory.
But obviously everybody will claim.
1 Like

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