Depreciation
nitinjain (accountant) (408 Points)
28 September 2019
As per income tax act depreciation is compulsory to claim or not
2 Replies
Chita Ranjan
(28 Points)
Replied 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.
Kapadia Pravin
(17264 Points)
Replied 28 September 2019
It is not mandatory.
But obviously everybody will claim.
But obviously everybody will claim.
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