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