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nitinjain (accountant) 28 September 2019

Depreciation

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

2 Replies

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 28 September 2019

It is not mandatory.
But obviously everybody will claim.

1 Like

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