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Depreciation

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Provisions regarding depreciation
Replies (3)
Your query is not clear please elaborate .
It's not a provision. It's a charge to assets and goes to P&L Account.

Any specific issue, raise it clearly
Depreciation is a charge against Profit. It is showed in the debit side of the P&L A/c.

Refer Section 32 of the Income Tax Act 1961 to know more about the Provision of Depreciation.


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