For computing Income under the head Income from Business / Profession, Fixed Asset written off is not a deductible item
For accounting purpose, they can be written off completely. However, for income-tax purpose, they should form part of the relevant block and accordingly tax depreciation is permitted
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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